A Chinese publication’s article about the detention of Huobi’s co-founder and 17 key executives, including the chief operating officer, provoked ‘extreme anger’ at the exchange, according to journalist Colin Wu.
Wu learned that an article attacking the founder of Huobi and the 17 employees who were taken away by police triggered extreme anger within Huobi. Huobi announced on the 30th that it vowed to pursue the legal responsibility of the author of article and the competitor behind it. pic.twitter.com/lVq4os6QEk
— Wu Blockchain（Chinese Crypto Reporter） (@WuBlockchain) November 30, 2020
According to him, Huobi is preparing legal steps against the author and “the competitor behind the publication.”
The article states that law enforcement detained the main managers of the over-the-counter trading service, as well as the technology and finance departments of the company. The message concerned the investigation into Huobi’s chief operating officer Robin Ju and the arrest of one of the exchange’s founders Li Lin.
Huobi at the time denied rumours of the arrest of a top manager and added that there are no investigations into the exchange’s leadership.
The article said that Huobi’s CEO, COO, OTC, technology, finance, key account managers and other 17 people were all taken away, and because the technical director was arrested, the Huobi website went down three times in one day.
— Wu Blockchain（Chinese Crypto Reporter） (@WuBlockchain) November 30, 2020
The author of the publication also claims that he obtained the information from several sources. He notes that all of it relates to Huobi Global, not Huobi.com.
Earlier in November, Huobi’s native token collapsed on reports of an open investigation into Robin Ju.
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