Hong Kong Media: Former Senior Manager of Huobi Acquitted in Case Involving Transfer of Nearly 5 Million USDT

According to Odaily, Chen Boliang, a former senior manager of Huobi Group, was accused of using a pseudonym to open a personal account on the platform, illegally conducting "dark pool trading" of cryptocurrencies without price or quantity restrictions, and allegedly transferring approximately 4.999 million USDT (about 39.18 million HKD) from the account to his accounts on OKX and Binance. He faced seven charges, including dishonestly obtaining access to a computer and money laundering. After deliberation, the Hong Kong High Court jury ruled on April 24 that all charges against him were not proven. The prosecution alleged that in 2020, he used the identity "Chen Feng" to complete real-name authentication and used this account to conduct dark pool trades with company accounts. However, the jury ultimately did not adopt the relevant accusations, and the court also approved the defendant's application for legal costs. (HK01)