Huobi stakeholder Justin Sun has accused the brother of Huobi Founder Li Lin, Li Wei, of dumping huobi token (HT), which he received "for free."
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In a series of tweets, Sun said Wei had received "millions of HT tokens for free" when the token was initially distributed.
"Li Wei has been consistently selling off these HT tokens and cashing out. Now, the HT DAO committee is stepping in to rectify this issue," he added.
Sun noted HT DAO wants to engage with Wei to "negotiate a refund" and arrange for the "destruction of his remaining HT tokens." The move is said to be not only a "matter of justice," but also serves the "best interests of everyone in the HT DAO community."
In April, reports said Binance declined Justin Sun's offer to buyout his stake in Huobi due to rumors about the exchange's ties to China. Sources close to the talks said that Sun was in talks with Binance, positioning his stake as a majority one.
However, later Sun took to Twitter to deny the rumors, saying he didn't propose Binance's Changpeng Zhao to buy Huobi.
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