CZ: Li Lin's detention back then was reported by Xu Mingxing to the police

Comparing news, in her personal autobiography “Binance Life,” CZ recalled the details of Xu Mingxing and Li Lin's successive detentions in 2020, saying, “On October 16, 2020, OKCoin suddenly announced an indefinite suspension of withdrawals... There are rumors that the Chinese police imposed “soft detention” on Xu Mingxing, locked him in a hotel, and isolated him from the outside world... Everyone is worried that the police will use user funds, and the Chinese market is in a state of panic. After five full weeks, Xu Mingxing was released from “soft detention” on November 26, 2020, and OKCoin only resumed withdrawal services... Two days after Xu Mingxing's release, on November 28, 2020, Huobi founder Li Lin and 17 other senior executives were taken away by the police at one of their public VIP events... Li Lin was “soft detained” for 90 days. After his release, he decided to quit the industry and list Huobi for sale. Binance was asked if it would take over, but we declined. In the end, Li Lin sold Huobi to Sun Yuchen.”

“Five years later, at a dinner in 2025, Li Lin and I met again 11 years apart. Li Lin told me that he had seen a screenshot showing Xu Mingxing personally reporting him to the Chinese police. It was this report that led to his arrest.”