Exmanager of Huobi exchange suspected of illegal trading

Police in Hong Kong have detained the former head of institutional clients at the Huobi exchange, Chen Boliang. He is suspected of illegal trading through a front man. A court session in the case will be held next week. Chen was arrested back in May 2020. He is accused of “shady” trading. Bolian set up the firm, registered the account in his father’s name, then opened a line of credit for him and used the company’s assets to make investments.