HTX Welcomes Win in Landmark Defamation Case by Justin Sun in the People’s Court of China
Singapore
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June 26, 2024 12:39 AM Eastern Daylight Time
Singapore, June 26, 2024 – HTX announces that the People’s Court of China has ruled in favor of Sun Yuchen (“Justin Sun”), Member of the HTX Global Advisory Board, in a landmark defamation suit against Chongqing Business Media Group ("Business Media").
On 11 March 2022, Business Media published a video and an article titled "FBI Investigates Justin Sun for Suspected Insider Trading" which contained completely false narratives and accusations against Sun, severely damaging his reputation. After more than two years of fact-finding and trials, the court found no evidence supporting any of the claims made in the video and article, and decisively ruled in favor of Sun, ordering that the defamatory content be removed and that a public apology be issued.
HTX welcomes the People’s Court's adjudication and reiterates its commitment to operating in compliance and providing users with a safe and reliable crypto trading platform.
About HTX
Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.
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Miffy Chu
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