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

Zama: Creator Program Season Five Ending Early, Fake Events have Impacted User Experience

On December 15, fully homomorphic encryption network Zama announced it is ending its Creator Incentive Program Season 5 early. The decision comes amid a surge in bot activity and low-quality AI spam that has harmed user experience. The reward pool will remain unchanged, and the leaderboard will be released soon. Zama confirmed the Season 5 snapshot was captured at 23:59 UTC on December 14 (global time), with leaderboards for Season 5 and prior seasons to be announced shortly.

2 minutes ago

The suspect who impersonated Coinbase customer support in October 2024 to scam users out of $6.5 million has been arrested

On-chain detective ZachXBT announced on social media December 15 that Ron—real name Ronald Spektor—has been arrested in New York. Spektor previously impersonated a Coinbase customer support representative in November 2024 and stole $6.5 million from users. As previously reported by BlockBeats, in November 2024, the scammer (operating under the alias "Ronaldd," real name Ronald Spektor) was accused of stealing $6.5 million from a victim via a social engineering attack. The incident unfolded October 7, when the victim received a call from someone posing as Coinbase support, leading to a phishing attack and fund theft. On-chain analysis showed the stolen funds were sent to the eXch platform, converted to Litecoin (LTC), and dispersed across multiple services.

2 minutes ago

The current mainstream CEX, DEX funding rate display indicates that the market continues to maintain a strong bearish sentiment.

December 15th — Data from Coinglass shows current funding rates across major CEXs and DEXs indicate the market remains broadly bearish. Specific funding rates for leading cryptocurrencies are included in the attached image. BlockBeats Note: Funding rate is a fee set by crypto trading platforms to keep contract prices aligned with underlying asset prices, typically applicable to perpetual contracts. It’s a capital exchange mechanism between long and short traders; the trading platform does not collect this fee. It adjusts the cost or profit for traders holding contracts to maintain contract prices close to underlying asset prices. When the funding rate is 0.01%, it represents the base rate. Rates above 0.01% signal a generally bullish market, while rates below 0.005% indicate a broadly bearish market.

2 minutes ago

Declining Tether Acquisition Invitation, Juventus Stock Price Soars Nearly 14% on Monday

December 15 (Reuters) - The Italian Agnelli family rejected a takeover bid of more than 1 billion euros (roughly $1.2 billion) from crypto firm Tether for Serie A soccer club Juventus on Saturday, sending Juventus’ (JUVE.MI) stock soaring nearly 14% on Monday. Prior to the rejection, Exor (EXOR.AS) — the Agnelli family’s holding company — noted that while Tether’s offer was 21% above Friday’s closing price, it had no plans to sell any shares in the club. Equita analyst Martino De Ambroggi said Juventus accounts for roughly 2% of Exor’s net assets based on its market value as of last Friday. A sale would have cut Exor’s net debt by between 650 million euros and 1.6 billion euros, he added. However, the club has helped Exor raise about 600 million euros in capital increases over the past six years.

2 minutes ago

American Bitcoin Corp has increased its holdings by 261 BTC, bringing its total holdings to 5,044 BTC.

On December 15th, Trump family-backed Bitcoin miner American Bitcoin Corp announced it has added 261 BTC to its holdings, pushing its total Bitcoin holdings to 5,044 BTC. This rewrite uses concise, news-friendly language common in U.S. financial briefs: - Replaces "Bitcoin mining firm" with the more compact "Bitcoin miner" (standard in crypto reporting). - Omits "that" after "announced" (natural in spoken/written U.S. English for direct statements). - Adds "Bitcoin" before "holdings" to clarify (avoids ambiguity). - Uses "pushing" (casual, active verb) instead of "bringing" for a tighter flow. - Places the date at the start (standard for timely updates).

2 minutes ago

A certain trader is once again making a contrarian bet, bullish on a 25 basis point rate cut in January next year.

Dec 15 — Per monitoring from PolyBeats, the probability the Federal Reserve will hold interest rates steady at its January meeting stands at 78%, while the odds of a 25-basis-point (bp) rate cut are just 21%. Market consensus is clear: despite easing inflation, the Fed typically waits for economic stabilization before acting, making a major policy pivot unlikely early in the year. Yet trader thiswaysir is betting against the grain: he’s placed a contrarian $30k wager on a 25bp January rate cut, and even holds a "lottery position" of 100k units for a 50bp cut. This isn’t his first contrarian bet. In mid-November, when mainstream sentiment pegged an 80% chance the Fed would cut rates by 50bp (driven by recession fears and falling inflation), thiswaysir bought nearly $15k worth of contracts at an average price of 32 cents—correctly betting on the Fed’s 25bp December rate cut. The trade netted him roughly $25k in profit, markin

2 minutes ago