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

Odaily Planet Daily News A former senior manager at Huobi Group, Chen Boliang, was accused of using an alias to open a personal account on the platform, illegally conducting "dark pool transactions" of cryptocurrencies without restrictions on price or quantity. He was also charged with transferring approximately 4.999 million USDT (about 39.18 million HKD) from this account to his accounts on OKX and Binance, facing seven charges including dishonest access to a computer and money laundering. After deliberation, a jury at the Hong Kong High Court ruled on April 24 that all charges against him were not guilty. The prosecution alleged that in 2020, he completed real-name authentication using the identity of "Chen Feng" and used this account to conduct dark pool transactions with the company's account, but the jury ultimately did not accept these allegations. The court also approved the defendant's application for costs. (HK01)