On 26 September, an anonymous source claiming to be a Huobi insider posted that Huobi had lost US$150 million on Waves' lending agreement Vires, equivalent to "half of Huobi's revenue", and that Huobi CEO Zhu Hua was responsible for the deal's failure. This loss was also the catalyst for Huobi founder Lin Li's decision to sell Huobi. As previously reported by BlockBeats, on 12 August, SBF and Justin Sun had made initial contact with Huobi founder Li Lin, who was seeking to...