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Ex-manager of crypto firm Huobi acquitted of moving millions into Tether account
ACTU
24.04.2026

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
Former Huobi Senior Manager Acquitted of Moving $5 Million in Tether
ACTU
24.04.2026Résumé IA

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