According to a Monday release, after New Huo disclosed one of its companies had US$18 million in cryptocurrencies locked up on the defunct FTX exchange, the former Huobi Global CEO Leon Li, came to a deal with the company for a US$14 million loan to cover funds locked in FTX. Li is the biggest stakeholder of New Huo Technology Holdings. Leon Li Launched Huobi Technology According to New Huo Technology, the amount would be used, if necessary, to settle customer liabilities and assets resulting from FTX’s insolvency. According to the notification from New Huo Technology, the funds put on FTX may The post Ex-Huobi CEO Leon Li Offers $14M Loan to Cover Funds Locked in FTX appeared first on Cryptoknowmics-Crypto News and Media Platform .
