Huobi Group dismisses exchange channel operations director Hu Tianmin and his subordinate Lv Chunquan

According to Huobi's official documents, on August 27, Li Lin, Chairman and CEO of Huobi Group, personally issued an internal notice on the dismissal of Hu Tianmin and Lv Chunquan. The notice stated, "Hu Tianmin, Director of the Channel Operations Group of the Pro Exchange Operations Department of the Group's Exchange Division, is responsible for the approval of payments for the department's split orders. At the same time, in the process of some channel suppliers jointly defrauding channel promotion expenses, Hu Tianmin is also responsible for the approval of payments. The above behaviors have seriously violated the company's rules and regulations. In this regard, the company has decided to dismiss Hu Tianmin and Lv Chunquan, effective immediately."