"What's fair, he won't receive millions of HT for free."
Tron founder Justin Sun revealed that Li Wei, who is the brother of Leon Li who is the Chief Executive Officer (CEO) of Huobi received millions of Huobi Tokens (HT) for free during its initial distribution.
The string, Huobi's committee, responsible for governance and decision-making in its community has taken steps to address what Sun described as an imbalance in token distribution.
It is reported that his committee contacted Li Wei directly to discuss the refund and arrange the destruction of HT still owned by him.
Please note that the price of HT jumped by 3.16% at $2.95 shortly after Sun insisted that its actions were motivated by the principles of fairness and equality for the digital asset community.
Earlier, the Securities and Exchange Commission (SEC) of the United States (US) in March 2023 charged Sun with selling Tron (TRX) and BitTorrent (BTT) unregistered.
In addition, Sun was also accused of violating anti-fraud and market manipulation rules but denied all such charges and insisted that he had never sold Huobi shares.
Although Huobi's committee has revealed its plans, additional details regarding specific actions, the negotiation process or a timeline for a solution have so far not been provided.
