Old Huobi still has 5000 ETH in assets, but it was reported that 200 million was stolen, and the person has been caught!

The day before yesterday, during a live stream on Douyin by Uncle Liu from the legal department, a big shot came on stage after sending a pair of sunglasses. At first, he questioned my ability to unlock accounts in the comments section, and I thought he was a peer. However, the tone shifted, and he claimed to have 5000 ETH on Old Huobi.

Since my business also involves asset recovery, I asked him for details. He mentioned that he had just come out after stepping on a sewing machine and had bought a lot of digital assets in previous years, which were stored in his mother's registered account. Unfortunately, his mother passed away in 2019.

Now, he has been continuously contacting Old Huobi but found that customer service hardly responds to him. So he asked:

Is it possible that Old Huobi staff stole my and my mother's information? He submitted requests for a long time, but no one responded. He even mentioned that his computer was hacked, and all his information was stolen.

He kept asking me if it was possible that Old Huobi staff impersonated his mother's information to steal (withdraw) the assets in his mother's account, repeatedly asking.

During the live stream, I even thought he had drunk too much fake alcohol. I am a loyal fan of Old Huobi, and I told him how could that be? You think this amount of assets is a lot, but in the eyes of Li Lin from Old Huobi, it’s actually just a drop in the bucket. He has long achieved financial freedom; how could he risk his life for such a small amount?

Until I saw an article by Ju Zuo yesterday:

Old Huobi was stolen from for 200 million, and the person has been caught!

This massive traffic was not caught; could it be that the person connecting in the live stream was here to bring me wealth and traffic…

Recently, the news circulating in the community about "Huobi catching people" needs to clarify the subject—it's not the currently operating HTX, but the well-known "Old Huobi."

As someone who has long been engaged in the legal and cryptocurrency asset service field, to be honest, this sudden incident in the industry has indeed overturned my understanding. Can this thing be played like this?

Friends familiar with our business should know that our team is also involved in cryptocurrency asset recovery services. Within our regular asset recovery service scope, the asset confirmation and recovery related to the "Old Huobi" platform is one of the long-term and standardized service contents. Because of this, we will pay more attention to the potential user asset issues involved behind this incident.

When fans connected in the live stream, I kept thinking about how to seize this business opportunity, thinking that recovering 5000 ETH would fill my pockets, but I didn’t expect to encounter such a big industry scoop.

The following content is sourced from Ju Zuo, with modifications:

Although Huobi sold to Sun Yuchen in 2022, the system of Old Huobi is still maintained by Li Lin's team—because there are still many assets of Old Huobi users. The asset accumulation of Old Huobi should be between 600-700 million dollars.

Therefore, recovering assets from Old Huobi has become a gold mine waiting to be explored, and many people have set their sights on this business. The legitimate way is to submit information to customer service, then undergo review, and withdraw.

However, there are a group of people who play it more recklessly, having taken 200 million from the Old Huobi system, and were taken away by the uncle a few days ago.

The method is not sophisticated; it’s a collusion between insiders and outsiders. The external team submits fake KYC and other materials, and internal personnel cooperate to pass the review, then withdraw the assets.

You might ask, how do outsiders know the specific information of user accounts? Didn’t I tell you it’s collusion? There are people inside the system who first check the account information and then leak it out. The external team then creates fake materials, and finally, the internal people cooperate to pass it.

Although the Old Huobi system queries leave traces, in the face of huge interests, no one can resist such temptation.

And who are the users still having assets in Old Huobi? The first type is those who have truly passed away, leaving behind forgotten assets. The second type is those who are still in "Sewing Machine University" and haven’t graduated.

It has been five years since 2020; what level are those who still haven’t graduated? They must be serving sentences of over seven years, all industry big shots. Back then, Bitcoin was a few thousand dollars each, and now it’s worth a million after coming out; it’s really thrilling.

So how did this incident come to light? It’s actually a series of foolish thieves.

About two months ago, Old Huobi caught someone who was exposed for incomplete forgery, with a single transaction amounting to dozens of Bitcoins. Li Lin was very angry when he found out and took over the business system for a comprehensive investigation, eventually uncovering the internal traitor.

There were both internal staff from Old Huobi and external teams creating fake materials.

However, this time the amount totaled over 200 million RMB. If calculated according to the sentencing standards for theft, these people won’t be getting out for ten years.

When I saw Ju Zuo publish this exposure, I realized that what the fan connecting in my live stream said was actually true. I really wanted to give myself a big slap; I missed this massive traffic.

(Above is just a recount of Ju Zuo's words, unrelated to me)

I even scolded the other party for drinking fake alcohol!!!

Sorry, big brother, I was shallow; I admit I spoke a bit loudly while talking to you in the live stream…

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