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

A Whale Who Shorted Before the HYPE Surge Acknowledges Losses, Reduces Position, and Sells Spot Asset

May 25: Per LookOnChain monitoring, a crypto whale that shorted HYPE ahead of its recent price spike is now closing their short positions and selling the token. The whale has already unstaked 443,180 HYPE tokens (≈$27 million). Of that amount, 231,899 HYPE (≈$14.15 million) have been sold, while the remaining 211,281 HYPE (≈$13 million) are still unstaked and unsold. They still hold an open short position for 141,500 HYPE tokens (≈$8.67 million), with unrealized losses exceeding $2.5 million.

14 minutes ago

Crypto KOL nobrainflip has purchased 11.636 million VIRL tokens, equivalent to around $37,800.

According to on-chain analytics provider LookOnChain, popular crypto influencer Cyclop—known as @nobrainflip and boasting 562,800 followers—purchased 11.636 million VIRL tokens on May 25, valued at roughly $37,870.

14 minutes ago

Influencer @nobrainflip, with 562.8K followers, also bought 11.636M $VIRL($37.87K).

Influencer @nobrainflip, with 562.8K followers, also bought 11.636M $VIRL($37.87K).

14 minutes ago

WTI Crude Oil Futures Plunge 6% Intraday

May 25th, according to Bitget’s market data, WTI crude oil futures plummeted 6% intraday and are now trading at $90.80 per barrel.

14 minutes ago

U.S. Secretary of State: Potential Agreement with Iran Could Still be Signed as Early as Monday

May 25 – U.S. Secretary of State Pompeo stated that with negotiations with Iran still underway, a potential agreement between the two sides could be signed as early as this coming Monday, per FX168.

14 minutes ago

Singapore is seeking to shorten the time required for wealthy individuals to open a bank account to one month.

May 25 — The Monetary Authority of Singapore (MAS) is teaming up with private banks to speed up account openings via a "risk-based approach," according to Bloomberg. The move comes as Singapore’s standing as a top global wealth management hub continues to rise, drawing heightened attention to the initiative. Chia Der Jiun, MAS’s managing director, shared the update during Monday’s UBS Asian Investment Conference in Singapore. The regulator aims to cut the typical account opening timeline to within one month, down from the current median of roughly six weeks — a window that stretches even longer for complex cases now. Chia explained the initiative balances keeping banks to strict due diligence standards while cutting out unnecessary or overzealous checks on customers’ wealth sources. This approach avoids overly burdensome scrutiny while still upholding compliance requirements, aligning with Singapore’s goal of strengthening its wealth management ecosystem without slowing service acces

14 minutes ago