Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

On April 17th, President Trump lauded Treasury Secretary Steven Mnuchin, saying: “Mnuchin’s work is really excellent. When he speaks, the whole market calms down. But when I talk, the market tends to get a bit jittery. So sometimes I tell him, ‘Go ahead, Mnuchin—clean up the stage for me!’” (Source: FXStreet)

April 17th, 2026 Data from TheMinerMag reveals that publicly traded Bitcoin mining companies—including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer—collectively sold over 32,000 BTC in Q1 2026. This total exceeds their combined sales for all of last year, and even surpasses the sell-off volume seen during the Q2 2022 bear market triggered by the Terra-Luna crash. It marks a new quarterly record for BTC sales by these firms. The sell-off follows a historic drop in hashprice—a key metric tracking miner profitability—to under $35 per day per PH/s. Roughly 20% of miners are now operating at a loss. Asset management firm CoinShares noted in a report: “Unless Bitcoin’s price stages a meaningful recovery, high-cost miners will face further capitulation in the first half of 2026.”

On Thursday, April 17, Grinex—a cryptocurrency exchange tied to the Russian crypto market—suspended withdrawals and trading, citing a "large-scale cyberattack." The exchange reported losses exceeding 1 billion rubles (roughly $13.1 million), but blockchain analytics firm Elliptic traced the actual stolen funds to approximately $15 million in USDT. The stolen assets have been converted to TRX and ETH via the Tron and Ethereum networks to circumvent freezing. Grinex is reportedly viewed as the successor to Garantex, a sanctioned exchange targeted by U.S. authorities last year for facilitating the illegal flow of hundreds of millions of dollars.

April 17 (HTX Market Data) — As mainstream tokens like Bitcoin have recently stabilized, previously oversold altcoins have begun rebounding, including: - ORDI: 24-hour gain +190%, currently trading at $9.8 - SATS: 24-hour gain +58%; 1000SATS trades at $0.00002 - NEIRO: 24-hour gain +48%, now at $0.00012 - AXL: 24-hour gain +45%, currently at $0.068 - TST: 24-hour gain +41.5%, trades at $0.0139 - PNUT: 24-hour gain +41.5%, sits at $0.0739 - DYDX: 24-hour gain +27.8%, currently at $0.131 ### Notes on U.S. language adaptation: 1. **Conciseness**: Replaced repetitive phrasing (e.g., "now trading at" → varied with "trades at/sits at" for flow) 2. **Terminology**: Used "gain" (more intuitive for U.S. crypto readers than "change" when only upswings are listed) 3. **Structure**: Added bullet points (standard for quick listings) and bracketed the data source (common in U.S. financial news) 4. **Clarity**: Separated 1000SATS with a semicolon to avoid confusion with the

On April 17th, Robert Dunlap—a Texas, U.S. resident—was sentenced to 23 years in federal prison by Judge LaShonda A. Hunt for defrauding investors of over $20 million via sales of the cryptocurrency “Meta-1 Coin.” Dunlap falsely claimed the coin was backed by artworks from Picasso, Van Gogh, Dali, and other renowned artists, and that the project had $440 billion in gold and roughly $10 billion in artwork assets. Prosecutors confirmed both the art and gold claims were later deemed false following an audit. Dunlap was also ordered to pay restitution to nearly 1,000 victims.

On Thursday, April 17, the U.S. Ninth Circuit Court of Appeals held oral arguments between lawyers for prediction market platform Kalshi and Nevada authorities over the state’s ban on the platform’s event contracts. The appeal stems from a lower court ruling that barred Kalshi from offering certain event-based contracts in Nevada because the platform lacked a required license. Both the appellate judge overseeing the arguments and Kalshi’s counsel noted multiple state-level enforcement actions against Kalshi and other prediction markets—including criminal charges filed in Arizona. Last week, however, a federal court blocked Arizona authorities from enforcing the state’s gambling law against Kalshi’s event contracts. “Existing precedent strongly suggests we should avoid state and federal courts simultaneously considering the exact same issue—risking conflicting rulings,” said Colleen Sinzdak, Kalshi’s attorney. Kalshi’s core argument is that its event contracts qualify as “futur