Justin Sun talked about his new plans after making a series of claims regarding the Huobi exchange's native token HT.
The famous CEO, who shared on Twitter, stated that during the first issuance of the HT token, Huobi coin Li Lin gave a large number of free HT tokens to his brother Li Wei, and Wei suppressed the price by constantly selling these tokens.
Sun stated that they took action as a community to solve this problem and started negotiations to take back and destroy the said HT tokens from Wei. Sun added that this is a fair move that is in the best interest of the HT token community.
We plan to engage with Li Wei to negotiate a refund and arrange for the destruction of his remaining HT tokens. This action is not only a matter of justice but also serves the best interests of everyone in the HT DAO community.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 16, 2023
HT Token, which has lost 33% since April, experienced an increase of 10% after Sun's share.