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Former Huobi Senior Manager Acquitted of Moving $5 Million in Tether
NACHRICHT
24.4.2026KI-Zusammenfassung

Former Huobi Senior Manager Acquitted of Moving $5 Million in Tether

A former senior manager at Huobi (now HTX) has been acquitted by a Hong Kong court of secretly moving about US$5 million in Tether stablecoins to his own accounts in 2020. A seven-member High Court jury reached a majority verdict on Friday, finding insufficient evidence to prove the defendant controlled an account registered under the alias "Chen Feng". The prosecution alleged Chen Boliang used the alias account and three company accounts to trade in the dark pool between February 27 and March 14, 2020.

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SCMP Economy
1 Min. Lesezeit
Ex-manager of crypto firm Huobi acquitted of moving millions into Tether account
NACHRICHT
24.4.2026

Ex-manager of crypto firm Huobi acquitted of moving millions into Tether account

A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang, who used to work at cryptocurrency firm Huobi – now known as HTX – not guilty of accessing its platform to trade in the dark pool under an individual account he created with an...

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SCMP Economy
China Reports 1,882 Exaflops Computing Power, US Holds 50-75% Global Capacity
Technik
23.4.2026KI-Zusammenfassung

China Reports 1,882 Exaflops Computing Power, US Holds 50-75% Global Capacity

China's Ministry of Industry and Information Technology reports the country has achieved 1,882 exaflops of computing power, while the US holds roughly 50-75% of global AI computing capacity according to Stanford estimates. Unlike China, the US does not publish a unified national figure as most AI infrastructure is privately owned and measured using different standards.

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SCMP Economy
1 Min. Lesezeit