Justin Sunfounder of Tron Network and considered the owner of the exchange Huobi denied Bloomberg’s report that the crypto trading platform was looking for a buyer. Sun is under fire from US regulators of the DRY and recently lost his position as ambassador of the WTO. According to him, Huobi is committed to providing a secure platform for cryptocurrency trading.
The rumors of sale of stake in Huobi were reported by Bloomberg who claimed that justin Sun wanted to sell part of the exchange for an undisclosed sum. The report also claimed that Sun researched potential buyers and had initial conversations with investors.
Sun denies any attempt to sell Huobi shares
The current situation of Sun with Huobi raises questions about the future of their relationship, especially after the recent problems Sun has been having. Investors are closely monitoring developments regarding rumored stake sales and SEC charges.
As much as I love a good April Fool’s Day prank, I must deny the report that @HuobiGlobal is seeking a stake buyer. Rest assured, Huobi is committed to providing our users with a safe, reliable, and innovative platform for trading and investing in cryptocurrency.
— HE Justin Sun 孙宇晨 (@justinsuntron) April 1, 2023
About Capital Managementbased at hong kongacquired a majority stake of 60% in Huobi Overall For about $1 billion in October 2022 – with many people speculating that Sun was behind the deal because of his ties to the company.
However, Sun denied such speculation at the time and claimed he was simply serving as an adviser to theexchange.
In the months that followed, Sun has spent hundreds of millions of dollars of his personal money to help the exchange through difficult times, but continued to categorically deny any allegations that he had a controlling stake in the exchange, as his credibility was tested by many times.
The article Rumors of sale of Huobi shares: Justin Sun denies appeared first on Corner Academy
