BlockBeats news, April 22, according to Bloomberg, Li Lin is transferring his family office Avenir Group's approximately 20-person trading team entirely to his wealth management company Bitfire Group, which holds a 30% stake, to help attract more private banking clients. Livio Weng, CEO of Hong Kong-listed Bitfire, stated in an interview that Bitfire will acquire the team and its trading system from Avenir Group. Avenir confirmed this transaction. With the addition of the new team, Bitfire has received about...
I swear, boss Li is selling off his top traders! $HTX Is this move because they are short on cash or trying to start fresh? The $500 million investment sounds impressive, but merging the core team out like this doesn’t seem like a strategic move; it looks more like rushing to cash out and find a sucker to take over! Family members, stay alert, don’t be fooled by this “strategic restructuring” smoke and mirrors, keep your wallets tight!
👇👇👇👇👇

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📰 【Bloomberg: Li Lin merges his Avenir Group trading team into Bitfire Group, secures approximately $500 million in investment interest】

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