The founder of Telegram was arrested, Binance may face new legal proceedings, will Justin Sun follow the old path of Huobi Li Lin?

Something that caused a sensation in the crypto market happened recently. Following the arrest of former Binance CEO Changpeng Zhao (CZ) in Seattle, USA, in the first half of this year, Telegram founder Pavel Durov was arrested at Paris Le Bourget Airport on August 24. . The arrest stems from an investigation by French authorities into Telegram's alleged failure to cooperate with local law enforcement.
As soon as the news came out, everyone in the encryption field was shocked, and a strong sense of uneasiness filled the encryption market.
Looking back now, it seems that Huobi Li Lin’s full exit is the best choice for the big guys in the currency circle. Judging from the cryptocurrency market value ranking, in addition to the two major stablecoins Tether and USDC, the top ten list , the founders and their teams of the other eight major coins were caught in the turmoil.

Binance’s listing of TON may face new lawsuits

Binance may face new lawsuits. Binance previously launched Telegram’s native token Toncoin (TON) on August 15. Binance’s long-term failure to launch TON was mainly due to regulatory reasons.
This time Telegram founder Pavel Durov was arrested in France, exposing various legal issues existing on the Telegram platform. Binance’s listing of TON means that it has once again brought new legal risks to itself. There are currently rumors about Binance France employees was asked to leave France on Monday.

Related reading: Rumble CEO Chris Pavlovski, previously embroiled in legal battle with France, quickly left Europe after Telegram founder’s arrest

The probability of Justin Sun being extradited to China for trial increases

The arrest of Telegram founder Pavel Durov once again exposed the legal risks of Justin Sun. According to relevant sources in Singapore, Justin Sun was unable to stay in Singapore for a long time due to unknown reasons, so he has been in Hong Kong for a long time recently.
The Four Seasons Hotel where he has lived for a long time is a gathering place for border control bosses in mainland China. With the recent extradition of mbi Zhang Yufa by the mainland police to the mainland for trial, the probability of Sun Gee being extradited back to China for trial in Asia has increased.
At the same time, there have been class-action lawsuits against trx in Europe and the United States for a long time. Under this situation, Japan may be a good choice for Sun Yuchen.

It is rumored that the first sister of Binance (He Yi) will quit the currency circle

There is news that Binance co-founders and chief marketing officer He Yi and Justin Sun are entrusting some web3 people who are close to Beijing, hoping that they can communicate with the officials.
Previously, the big guys in the currency circle did not want to become Huobi Li Lin, but now it seems that becoming Li Lin is also a good retreat.

Huobi Li Lin sells company shares

On October 8, 2022, Huobi Li Lin completed his final exit. Huobi Global officially announced that the controlling shareholder company of Huobi Global has transferred all Huobi Global shares it holds to the funds under Baiyu Capital. The M&A fund under Baiyu Capital Became the largest shareholder and actual controller of Huobi Global.
Huobi was founded by Li Lin in 2013. After nine years of continuous development and growth, it became the second largest trading platform in the world. However, Li Lin chose to retire during its heyday. This move previously puzzled all parties. Looking back now Li Lin was still at the forefront.

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