Li Lin, Founder of Huobi Crypto Exchange, Purchases $128 Million Mansion in Hong Kong
Li Lin, the founder of the Huobi crypto exchange, has reportedly acquired a $128 million mansion in Hong Kong. This purchase follows his sale of a controlling stake in Huobi to investment firm About Capital for over $1 billion last year. The Mont Verra property, developed by Kerry Properties, offers a rent-to-own format with a lease lasting 7.5 years. Chinese-focused reporter Wu Blockchain disclosed the news, and Kerry Properties confirmed Li Lin as the tenant without providing further details about him.
Key Points:
- Li Lin, Founder of Huobi crypto exchange, purchases $128 million mansion.
- The acquisition follows Lin’s sale of a controlling stake in Huobi.
- Mansion is offered in a rent-to-own format with a lease lasting 7.5 years.
- Li Lin signed for a unit with a subscription price of 1 billion yuan.
- Kerry Properties confirms Li Lin as the tenant without sharing more details.
Recently, Huobi has been in the spotlight due to events such as the sale of Lin’s stake, the halt of its NFT services, the merger with Poloniex, and a 93% flash crash of its token, HT. The exchange is undergoing significant changes, including delisting certain trading pairs, introducing a trading pair with PayPal’s PYUSD, and launching the Huobi Mars Program to venture into space. The purchase of the mansion by Li Lin has elicited mixed reactions, with some seeing it as a display of his wealth and others speculating about the future of the exchange. Nevertheless, the move is expected to generate interest in Huobi and its token, HT.
Hot Take: Li Lin’s purchase of a $128 million mansion in Hong Kong showcases the success he has achieved in the crypto industry. This high-profile acquisition is likely to attract attention to Huobi and its token, creating intrigue and speculation about the future of the exchange.
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