Leon Li, the company's founder, had to extend an emergency loan of $14 million to bailout Sinohope customers affected by FTX's collapse.
Zhiyuan Sun is a News Editor at Maxbit - Crypto News. He focuses on the intersection of science and technology, particularly in the realms of cryptocurrency, Bitcoin, and blockchain, while also exploring their implications in the natural sciences. Zhiyuan's work has been featured in prominent publications including the American Physical Society, arXiv, Cancer Research Prevention, Royal Society of Chemistry, and Cointelegraph.