{"id":16912,"date":"2023-06-26T10:12:36","date_gmt":"2023-06-26T14:12:36","guid":{"rendered":"https:\/\/demo2.dedicatedhost247.com\/crypto\/asia-express-cointelegraph-magazine-20\/"},"modified":"2023-06-26T10:12:36","modified_gmt":"2023-06-26T14:12:36","slug":"asia-express-cointelegraph-magazine-20","status":"publish","type":"post","link":"https:\/\/demo2.dedicatedhost247.com\/crypto\/asia-express-cointelegraph-magazine-20\/","title":{"rendered":"Asia Express \u2013 Cointelegraph Magazine"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<h2 id=\"h-huobi-co-founder-sues-own-company-for-copyright-infringement\">Huobi co-founder sues own company for copyright infringement<\/h2>\n<p>According to local news <a href=\"https:\/\/www.wu-talk.com\/index.php?m=content&amp;c=index&amp;a=show&amp;catid=7&amp;id=15428\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">reports<\/a> on June 21, Leon Lin Li, former co-founder of cryptocurrency exchange Huobi Global, has filed a copyright infringement lawsuit against the company in Hong Kong. Li claims that despite selling his majority stake to an entity controlled by Chinese blockchain personality Justin Sun last November, his company, X-Spo, still possesses trademark rights associated with the term \u201cHuobi Global,\u201d and that \u201cHuobi Global,\u201d the actual exchange, has been using the trademark without authorization.\u00a0<\/p>\n<figure class=\"wp-block-image alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-21351\" width=\"294\" height=\"294\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400.jpg 400w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400-300x300.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400-100x100.jpg 100w\" data-lazy-sizes=\"(max-width: 294px) 100vw, 294px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400.jpg\" alt=\"\" class=\"wp-image-21351\" width=\"294\" height=\"294\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400.jpg 400w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400-300x300.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/fJbn2tsl_400x400-100x100.jpg 100w\" sizes=\"(max-width: 294px) 100vw, 294px\"\/><\/noscript><figcaption class=\"wp-element-caption\"><em>Former Huobi co-founder Leon Li. (Twitter)<\/em><\/figcaption><\/figure>\n<p>Though it\u2019s not immediately clear why Li seeks litigation against the very company and brand he previously built, a series of heated exchanges between Li and Justin Sun last month may offer some hints. <\/p>\n<p>On May 16, Sun <a href=\"https:\/\/cointelegraph.com\/magazine\/ripple-visa-hong-kong-cbdc-pilot-huobi-token-allegations-asia-express\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">published a series of allegations<\/a> against Wei Li, Lin Li\u2019s brother. In the tweet, Sun accused Wei Li of \u201creceiving millions of Huobi (HT) tokens through \u201cabnormal means\u201d at zero cost and of \u201cconsistently selling off these HT tokens and cashing out.\u201d To which Lin Li replied: \u201cI hope Huobi can provide evidence. If it is confirmed that it is zero-cost HT was obtained through illegal means, I will personally pay 10 times the HT [amount] to Huobi company.\u201d<\/p>\n<section class=\"adv-banner adbutler-ad adbutler-ad__desktop\">\n<div class=\"container\"><!-- 1456x180 [img] --><br \/>\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fhuobi-lawsuit-hodlnaut-opnx-3ac-asia-express%2F\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fhuobi-lawsuit-hodlnaut-opnx-3ac-asia-express%2F;type=img\"\/><noscript><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fhuobi-lawsuit-hodlnaut-opnx-3ac-asia-express%2F;type=img\"\/><\/noscript><\/a><\/div>\n<\/section>\n<section class=\"adv-banner adbutler-ad adbutler-ad__mobile\">\n<div class=\"container\"><!-- 600x500 [img] --><br \/>\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fhuobi-lawsuit-hodlnaut-opnx-3ac-asia-express%2F\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fhuobi-lawsuit-hodlnaut-opnx-3ac-asia-express%2F;type=img\"\/><noscript><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fhuobi-lawsuit-hodlnaut-opnx-3ac-asia-express%2F;type=img\"\/><\/noscript><\/a><\/div>\n<\/section>\n<h2 id=\"h-hodlnaut-s-last-voyage\">Hodlnaut\u2019s last voyage?\u00a0<\/h2>\n<p>According to a recent <a href=\"https:\/\/assets.ey.com\/content\/dam\/ey-sites\/ey-com\/en_sg\/generic\/hodlnaut-pte-ltd-(ijm)\/fourtieth-circular-06-08-2023.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">court filing<\/a>, the fate of whether troubled Singaporean crypto lending firm Hodlnaut is to be dissolved or restructured will be sealed on August 7. Last August, Hodlnaut halted operations after disclosing that it lost over $300 million of its client\u2019s assets from the implosion of the $40 billion Terra Luna ecosystem in May 2022.\u00a0<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"651\" height=\"488\" alt=\"\" class=\"wp-image-21352\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/hodlnaut-team-pic-hodlnaut-blog-1.png 651w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/hodlnaut-team-pic-hodlnaut-blog-1-300x225.png 300w\" data-lazy-sizes=\"(max-width: 651px) 100vw, 651px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/hodlnaut-team-pic-hodlnaut-blog-1.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"651\" height=\"488\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/hodlnaut-team-pic-hodlnaut-blog-1.png\" alt=\"\" class=\"wp-image-21352\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/hodlnaut-team-pic-hodlnaut-blog-1.png 651w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/hodlnaut-team-pic-hodlnaut-blog-1-300x225.png 300w\" sizes=\"(max-width: 651px) 100vw, 651px\"\/><\/noscript><figcaption class=\"wp-element-caption\"><em>Holdnaut team members before the onset of the crypto winter. (SMU)<\/em><\/figcaption><\/figure>\n<p>The firm faces approximately $300 million in claims from creditors, who mostly wish to see the firm dissolved. That said, both co-founders Juntao Zhu and Simon Lee want to continue Hodlnaut\u2019s operations, even though the company had reportedly lost 69% of users\u2019 deposits. Last November, Singaporean police began a probe into Hodlnaut\u2019s activities as the firm initially denied exposure to the Terra Luna ecosystem.\u00a0<\/p>\n<div class=\"article-suggest\">\n<p>Read also<\/p>\n<div class=\"article-suggest__items\">\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/moral-responsibility-how-blockchain-can-improve-ai-trustworthiness\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>\u2018Moral responsibility\u2019: Can blockchain really improve trust in AI?<\/p>\n<p>                        <\/a>\n                    <\/div>\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/risks-benefits-venture-capital-funds-crypto-communities\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>The risks and benefits of VCs for crypto communities<\/p>\n<p>                        <\/a>\n                    <\/div>\n<\/div>\n<\/div>\n<h2 id=\"h-south-korean-crypto-lending-contagion\">South Korean crypto lending contagion<\/h2>\n<p>On June 22, South Korean crypto lending firm Haru Invest <a href=\"https:\/\/haruinvest.com\/blog\/announcement-june-22-2023\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">announced<\/a> that it would be terminating a portion or all of its current staff count just days after suspending users\u2019 deposits and withdrawals. The move comes after the firm accused its consignment operator, B&amp;S Holdings, of fraudulent operations.\u00a0<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIt comes with a heavy heart to inform you that we will be minimizing the operations of Haru Invest and its affiliated companies to prevent further damages that are likely to be incurred.\u201d<\/p>\n<\/blockquote>\n<p>Last week, fellow South Korean crypto lending firm Delio, with over $9 billion in self-reported assets under management, also announced it would suspend withdrawals, citing exposure to Haru Invest. The firm has since clarified it will resume withdrawals, albeit with no schedule disclosed. During an extraordinary investors\u2019 meeting on June 17, CEO Jung Sang-ho disclosed for the first time that Haru Invest is claiming bankruptcy.\u00a0<\/p>\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" alt=\"Photo allegedly showing empty Haru Invest corporate offices after the announcement. (Telegram)\" class=\"wp-image-21017\" width=\"557\" height=\"554\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1.jpg 755w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1-300x298.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1-100x100.jpg 100w\" data-lazy-sizes=\"(max-width: 557px) 100vw, 557px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1.jpg\" alt=\"Photo allegedly showing empty Haru Invest corporate offices after the announcement. (Telegram)\" class=\"wp-image-21017\" width=\"557\" height=\"554\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1.jpg 755w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1-300x298.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/a08c86e04f-1-100x100.jpg 100w\" sizes=\"(max-width: 557px) 100vw, 557px\"\/><\/noscript><figcaption class=\"wp-element-caption\"><em>Photo allegedly showing empty Haru Invest corporate offices after the announcement. (Telegram) <\/em><\/figcaption><\/figure>\n<p>In addition, Haru also claims that it has filed a criminal complaint against B&amp;S Holdings as well as civil litigation. But it appears that Haru itself does not know exactly what is happening. In a <a href=\"https:\/\/haruinvest.com\/blog\/a-letter-from-ceo-hugo-lee\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">letter<\/a> to investors on June 20, CEO Hugo Lee wrote:\u00a0<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWe\u2019ve been explaining about the current situation and progress through the company statement three times so far, but we understand that it\u2019s still far from enough. We are sorry about this as well.\u201d<\/p>\n<\/blockquote>\n<h2 id=\"h-3ac-co-founders-stage-unlikely-comeback\">3AC co-founders stage unlikely comeback<\/h2>\n<p>While some firms\u2019 (and individuals\u2019) reputations may be devastated by bankruptcy, it can be a simple nothingburger for others. On June 21, Kyle Davies, co-founder of bankrupt Singaporean hedge fund Three Arrows Capital (3AC), <a href=\"https:\/\/twitter.com\/KyleLDavies\/status\/1671505640848515072\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">wrote<\/a> in a tweet:<\/p>\n<blockquote class=\"wp-block-quote\">\n<p class=\"has-text-align-left\">\u201c3AC is dead, long live 3AC Ventures.\u201d<\/p>\n<\/blockquote>\n<p>The same day, OPNX, a platform for trading claims against bankrupt crypto entities founded by Davies and fellow 3AC co-founder Su Zhu, said that 3AC Ventures had become the firm\u2019s \u201cnew ecosystem partner.\u201d Interestingly \u2014 given that the use of leverage by Zhu and Davies played a pivotal role in 3AC\u2019s $3.4 billion downfall last year \u2014 3AC Venture\u2019s website states that:<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201c3AC Ventures is focused on superior risk-adjusted returns without leverage.\u201d<\/p>\n<\/blockquote>\n<p>On June 24, 3AC Ventures introduced its first investment, an inaugural project dubbed \u201cRaiser,\u201d which allows users to borrow funds based on their on-chain creditworthiness. \u201cBorrowers raise funds by issuing zero-coupon bonds. Lenders buy these bonds to earn a fixed income. Traders can trade these bonds in the secondary market,\u201d the developers wrote in an introductory thread.<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"634\" alt=\"\" class=\"wp-image-21385\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/opnx.jpg 500w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/opnx-237x300.jpg 237w\" data-lazy-sizes=\"(max-width: 500px) 100vw, 500px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/opnx.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"634\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/opnx.jpg\" alt=\"\" class=\"wp-image-21385\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/opnx.jpg 500w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/opnx-237x300.jpg 237w\" sizes=\"(max-width: 500px) 100vw, 500px\"\/><\/noscript><\/figure>\n<p>Almost one year later, 3AC is still undergoing bankruptcy proceedings, but it appears that clawing money back has become harder than ever. On June 15, 3AC creditors filed a motion to hold Kyle Davies in <a href=\"https:\/\/cointelegraph.com\/news\/3ac-liquidators-file-motion-hold-kyle-davies-in-contempt\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">contempt of court<\/a>; however, the motion would only apply to Davies, and not Su, as the latter\u2019s Singaporean citizenship does not subject him to U.S. jurisdiction. The pair\u2019s current whereabouts are unknown, and no criminal complaints have been yet filed against the two blockchain personalities.<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"503\" height=\"419\" alt=\"3AC\" class=\"wp-image-21386\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/3ac.jpg 503w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/3ac-300x250.jpg 300w\" data-lazy-sizes=\"(max-width: 503px) 100vw, 503px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/3ac.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"503\" height=\"419\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/3ac.jpg\" alt=\"3AC\" class=\"wp-image-21386\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/3ac.jpg 503w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/3ac-300x250.jpg 300w\" sizes=\"(max-width: 503px) 100vw, 503px\"\/><\/noscript><\/figure>\n<h2 id=\"h-opnx-aspiring-blockchain-underdog\">OPNX: Aspiring blockchain underdog<\/h2>\n<p>On April 5, Su Zhu and Kyle Davies\u2019 crypto derivatives claims exchange OPNX, which is based in Hong Kong, saw a meager $13.64 volume traded on its first day of debut. By late June, that number had risen to $34.1 million (although it\u2019s fair to say not everyone is <a href=\"https:\/\/twitter.com\/CL207\/status\/1671797636490498048?s=20\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">convinced<\/a> about the numbers). Following this apparent traction was a near 200% rise in the price of OPNX\u2019s native OX tokens to $0.03 in the past month, pushing its fully diluted market cap to nearly $300 million.Heck, the firm even has its own <a href=\"https:\/\/twitter.com\/zhusu\/status\/1672445851397152770\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">stablecoin<\/a> now. <\/p>\n<p>Let\u2019s face it, nobody, perhaps not even Davies or Zhu themselves, expected OPNX to succeed from the get-go. But successful underdogs often have a deep grudge against those who \u201cpunched down\u201d the hardest while they were out on their luck. This may be why on June 22, OPNX filed a defamation lawsuit against venture capitalist Mike Dudas, alleging the publication of defamatory comments against the exchange in February and March.<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"621\" alt=\"opnx\" class=\"wp-image-21384\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/OPNX-2.jpg 500w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/OPNX-2-242x300.jpg 242w\" data-lazy-sizes=\"(max-width: 500px) 100vw, 500px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/OPNX-2.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"621\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/OPNX-2.jpg\" alt=\"opnx\" class=\"wp-image-21384\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/OPNX-2.jpg 500w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/06\/OPNX-2-242x300.jpg 242w\" sizes=\"(max-width: 500px) 100vw, 500px\"\/><\/noscript><\/figure>\n<p>Around the same time, the exchange <a href=\"https:\/\/ox.opnx.com\/justice_tokens.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">unveiled<\/a> its new \u201cJustice Tokens\u201d (JT), saying \u201cone of the biggest challenges the industry faces is the current prevalence of defamation.\u201d Based on its tokenomics, one JT will exist for each defamation case; it will be an ERC-20 token with a maximum supply of 1 billion. Three quarters will be distributed to OX stakers, 20% will be given to JT-OX liquidity providers, and 5% will be airdropped to Milady nonfungible tokenholders. At the time of publication, it\u2019s unclear if Davies plans to issue tokens to build rapport against <a href=\"https:\/\/cointelegraph.com\/magazine\/3ac-cooks-up-a-storm-bitcoin-miner-surges-360-bruce-lee-nfts-dive-asia-express\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">review bombers of his Dubai restaurant<\/a> during possible litigation proceedings.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe resulting defamation and harassment greatly deters entrepreneurs and innovators. The presence of these people is a clear net good to the industry.\u201d<\/p>\n<\/blockquote>\n<div class=\"subscribe subscribe--inner\">\n<div class=\"container\">\n<div class=\"subscribe__inner\">\n<div class=\"subscribe__content\">\n<p>Subscribe<\/p>\n<p>The most engaging reads in blockchain. Delivered once a<br \/>\n        week.<\/p>\n<\/div>\n<div class=\"subscribe__img\">\n    <img alt=\"Subscribe to Magazine by Cointelegraph Newsletter.\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/10\/reading-copy.png\"\/><noscript><img src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/10\/reading-copy.png\" alt=\"Subscribe to Magazine by Cointelegraph Newsletter.\"\/><\/noscript>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"author category_page\">\n<div class=\"author__img\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" alt=\"\" height=\"300\" width=\"300\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/portrait_about_us_zhiyuan_sun_720.jpg\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/portrait_about_us_zhiyuan_sun_720.jpg\" alt=\"\" height=\"300\" width=\"300\"\/><\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"author__content\">\n<h2 class=\"author__name\">Zhiyuan Sun<\/h2>\n<p>Zhiyuan Sun is a journalist at Cointelegraph focusing on technology-related news. He has several years of experience writing for major financial media outlets such as The Motley Fool, Nasdaq.com and Seeking Alpha.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<section class=\"news\">\n<\/section>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/magazine\/huobi-lawsuit-hodlnaut-opnx-3ac-asia-express\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Huobi co-founder sues own company for copyright infringement According to local news reports on June 21, Leon Lin Li, former co-founder of cryptocurrency exchange Huobi Global, has filed a copyright infringement lawsuit against the company in Hong Kong. Li claims that despite selling his majority stake to an entity controlled by Chinese blockchain personality Justin Sun last November, his company, X-Spo, still possesses trademark rights associated with the term \u201cHuobi Global,\u201d and that \u201cHuobi Global,\u201d the actual exchange, has been using the trademark without authorization.\u00a0 Former Huobi co-founder Leon Li.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":16471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40],"tags":[89,148,2621,130],"_links":{"self":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/16912"}],"collection":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/comments?post=16912"}],"version-history":[{"count":0,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/16912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media\/16471"}],"wp:attachment":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media?parent=16912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/categories?post=16912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/tags?post=16912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}