Huobi Global Takes Action Against Illicit HT Token Acquisition

Huobi Global's Decisive Action

Huobi Global, a leading crypto exchange, has uncovered an issue involving the unauthorized acquisition of zero-cost HT tokens. A DAO member, Li Wei, obtained these tokens through abnormal means and subsequently profited from their sale on the Huobi platform. This prompted Huobi Global and the HT DAO community to take immediate action.

Recovery and Destruction of Tokens

To address this misconduct, the Huobi Global Advisory Committee and HT DAO community have decided to recover and destroy the illicitly obtained HT tokens. This move aims to protect the interests of the HT DAO community and ensure fairness. The plan includes negotiating with Li Wei to facilitate the return and destruction of the remaining tokens.

Protecting the HT DAO Community

Li Wei received millions of HT tokens for free during the initial distribution but did not contribute to the HT DAO community. Instead, he sold the tokens for profit. Recognizing the need for fairness, the HT DAO committee has intervened to rectify the situation.

Commitment to Fairness

The HT DAO community will request Li Wei to return the profits gained from selling the HT tokens. These funds will be used to repurchase HT tokens, which will then be destroyed. This action underscores the community’s commitment to fairness and accountability, reinforcing trust within the HT community.