The Myth of Getting Rich Quick, Part 14: Li Lin Li Lin, founder of Crypto: The ups and downs of the industry and current dynamics. Li Lin is the co-founder and former CEO of Huobi (now HTX), and one of the key figures in the early development of cryptocurrency. His latest activities in 2026 focus on clarifying rumors and institutionalization. 🔍 Core Experience and Key Milestones Born in 1985, he holds a master's degree in automation from Tsinghua University. In May 2013, he founded Huobi.com, which quickly rose to prominence with its zero-fee strategy. Within four years, it became the number one crypto exchage in Asia and one of the top three in the world, with its daily trading volume once accounting for 20% of the global total. After domestic regulations tightened in 2017, he led Huobi to expand overseas to markets such as Singapore, Japan, and South Korea, completing its global compliance transformation. He stepped down as CEO in 2021, retaining only the position of chairman; in 2022, he sold a majority stake in Huobi Global (for approximately US$3 billion) and withdrew from core management. Currently based in Hong Kong, the company has established a family office, Avenir Capital, focusing on compliant asset management and stablecoin business. Its subsidiary, Sinohope Technology, manages over US$30 billion in assets, and its OneKey hardware wallet has a 40% global market share. 📣 In February 2026, in response to market rumors (related to institutions such as LD and Garrett Gin, and the reduction of BTC/ETH holdings), Li Lin clarified one by one in his WeChat Moments, explicitly denying participation in related fund operations, emphasizing that he has not reduced his BTC/ETH holdings and maintains a long-term holding position. According to SEC holdings data for Q3 2025, Avenir Group held $1.189 billion worth of IBIT (Bitcoin ETF), maintaining its position as the largest institutional holder of Bitcoin ETFs in Asia for five consecutive quarters, and continuing to increase its investment in the compliance sector. ⚠️ Dispute and Risk Warning In October 2025, the UK's FCA sued HTX for promoting crypto services in the UK without a license. The lawsuit also covers the early actual controller, and Li Lin still faces related legal risks. With increasingly stringent regulations in the cryptocurrency industry, both past business operations and current strategies need to be continuously adjusted within a global compliance framework. Investors and participants in related fields should be wary of policy and market volatility risks.

Tea Bro seems to have his eye on Li Lin lately, hahaha.