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

May 11 — Driven by the artificial intelligence (AI) boom, South Korea’s stock market surged on Monday, according to data from Bitget. The KOSPI index closed up 4.32% at 7,822.2 points, hitting a new all-time high. It has gained over 18% so far this month. Among key stocks, SK Hynix rose 11.5%, while Samsung Electronics climbed 6.33%.

On May 11, PeckShield monitoring revealed the TrustedVolumes attacker’s activities: depositing 10.2 ETH (valued at approximately $23,600) into Tornado Cash; using THORChain to swap 110 ETH for BTC via a cross-chain transaction (totaling roughly $250,000 in involved funds); and attempting to deposit 0.5 ETH into Railgun before reversing course and withdrawing the funds.

On May 11, per Onchainlens monitoring, trader Loracle.hl (@loraclexyz) opened a 10x-leveraged short position on 4,991 SNDK shares—valued at roughly $8 million—that’s currently up over $172,000. The trader also still maintains a 5x-leveraged short position on HYPE worth $52 million, with total current gains topping $38 million.

On May 11, Capital B announced it has secured a €15.2 million funding round from global institutional investors, with strategic backers Adam Back and TOBAM joining the round to expand its Bitcoin reserve firm’s strategic footprint.

**May 11 Flash: Hynix Hits Brief 2%+ Pullback Amid Korean Regulatory Scrutiny** Hynix on May 11 saw a brief pullback exceeding 2%, with its current trading price at 1.9 million Korean won. The chipmaker’s daily gain has pared from an intraday high of 15.6% to 12.4%—a move appearing tied to guidance from South Korea’s regulatory window. Earlier, South Korea’s market regulator noted it is closely tracking retail investors’ leveraged stock bets. Preemptive measures will be implemented if needed to preserve market stability, the agency added. --- Note: This version aligns with U.S. financial news conventions: - **Headline-first structure** (clear, scannable for quick updates) - **Concise phrasing** ("tied to" instead of "possibly affected by"; "intraday high" clarifies the gain’s peak timing) - **Market-friendly terms** ("bets" for "investments" is common in U.S. retail trading coverage; "chipmaker" contextualizes Hynix for general readers) - **Agency framing** ("the age

Bybit announced on May 11 that it has upgraded its Fixed Rate Loan product, enabling users to directly participate in token staking using their Flexible Earnings balance. During the matching period, funds will continue earning Flexible Earnings before automatically switching to the agreed fixed-term earnings once a match is successful—no manual action required. This upgrade addresses the issue of idle funds during the token staking waiting period. Previously, users had to hold funds in their accounts without earning interest while waiting for a match. Post-upgrade, users can choose to stake using their Flexible Earnings balance, funds account, or a combination of both. Flexible Earnings funds will be frozen during staking but will keep accruing interest. Once a match is successful, the system will automatically redeem and transfer the funds, seamlessly connecting Flexible Earnings and fixed-term earnings.