Lookonchain APP

App Store

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

2025.02.05 09:00:19

On February 5th, the founder of TRON and a member of the HTX Global Advisory Board, Justin Sun, stated in a social media post, "Those who are familiar with the situation are aware that at that time, Li Lin concealed the due diligence materials and created a $30 million internal shortfall. When I discovered the sabotage, he was caught in the act, refused to admit it, and did not return a single cent. I had to lend the money to the company to cover it up."
Relevant content

Opinion: Single-Day Plunge Has Never Defeated the S&P 500, Bullish on Monday's Opening for a Rebound

June 7: Bull Theory’s latest market analysis notes the roughly 2.6% S&P 500 drop last Friday has stoked market jitters—but when viewed against a 75-year historical backdrop, that fluctuation doesn’t even rank in the top 200 largest single-day declines. Since 1949, the S&P 500 has weathered numerous true market crashes: Black Monday 1987’s 20.47% single-day plunge, the 2020 COVID-19 collapse’s 11.98% drop, and the 2008 financial crisis’s 9.03% slide. Yet after every major downturn, the index has marched to new all-time highs, surging from just a handful of points to over 5,500 today. Last Friday’s pullback is merely a normal "breather" in this bull market—healthy consolidation of gains, not a trend reversal. Throughout its history, the S&P 500 has survived the dot-com bubble burst, the 1998 Long-Term Capital Management collapse, debt ceiling showdowns, Trump-era tariff threats, and other shocks—its long-term upward trajectory has never been derailed by a single-day crash. Last Friday w

6 minutes ago

ZEC Rebounds Surging Past $400, 24-hour Gain Expands to 9.4%

June 7: According to HTX market data, ZEC has rebounded past $400, hitting $414.6, and is now trading at $403—marking a 9.4% gain over the past 24 hours. Previously, ZEC fell to $250 after an infinite inflation bug was revealed, and has now bounced roughly 60% from that recent low. Zcash plans to roll out its Ironwood upgrade at the end of July; this update will add a new privacy pool and enhance the overall verifiability of its total supply.

6 minutes ago

Data: When the S&P 500 fell over 3% on Friday, there is a 70% probability of further downside on Monday.

June 7: Crypto Rover’s latest data reveals that since 1950, the S&P 500 has logged 184 instances of a Friday drop of more than 1.5%. Following these Fridays, the index rose only 54% of the time. When Friday’s decline exceeded 3%, the likelihood of a subsequent Monday drop hit 70%. With the S&P 500 falling 2.65% this past Friday, markets are bracing for continued downward pressure at Monday’s opening. Separately, Bitget market data shows U.S. tech stocks suffered sharp losses last Friday: the Dow Jones slipped 1.35%, and the S&P 500 sank 2.65%—its largest single-day tumble since October 2025.

6 minutes ago

Bitcoin Surges Past $62,000, 24-hour Gain of 2.1%

June 7 — Per HTX market data, Bitcoin topped $62,000, with a 2.1% gain in the past 24 hours.

6 minutes ago

Analysis: The South Korean stock market is expected to see a "Sell-off before Buy-in" scenario on Monday, providing a good buying opportunity after leverage unwinding.

June 7 — Trader 3X Long Labubu stated he is bearish on the near-term outlook for South Korea’s stock market but is positioning to buy the dip once it hits bottom. He plans to use a "sell first, buy later" deleveraging trading strategy. The trader forecast a strong likelihood of a sharp decline in the South Korean KOSPI index on Monday, with the 7050 level as a key focal point. Unless NVIDIA CEO Jensen Huang delivers a clear positive catalyst before South Korea’s market opens, the KOSPI is on track for a severe, dramatic plunge. Currently, South Korea’s market is heavily leveraged, with retail investors often utilizing 5x leverage. Once panic takes hold, a 15-20% single-day drop is highly plausible, which could potentially trigger a circuit breaker. Looking at KOSPI futures and the U.S.-listed EWY (the South Korea ETF), the market has already priced in a large portion of the anticipated decline upfront. The trader also pointed out that the key buy signal after a plunge is a simultaneou

6 minutes ago

Analysis: MVRV Indicator Shows BTC Has a Better Entry Point Below $53,900

June 7: Analyst @alicharts says Bitcoin typically offers the best risk-reward entry opportunities when its MVRV (Market Value to Realized Value) ratio drops to the 1.0 and 0.8 price levels. Right now, these two key price bands correspond to $53,900 and $43,130, respectively. That indicates a BTC retracement into this range could present a strong entry point.

6 minutes ago