TechFlow News, April 25: According to Hong Kong 01, Chen Boliang, then Senior Manager at Huobi Group, is alleged to have registered a personal account on the company’s platform under the name “Chen Feng,” bypassing the dark pool trading permissions reserved exclusively for institutional clients. This enabled him to conduct over-the-counter bulk trades without price or quantity restrictions and transfer approximately 4.999 million USDT (valued at roughly HK$39.18 million) in five separate transactions to his personal accounts on OKX and Binance. Chen Boliang faced six charges of unauthorized access to a computer and one charge of money laundering. On April 24, 2026, a jury at the Hong Kong High Court found him not guilty on all counts, and the court granted his application for legal costs.
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