Respectively founders of Tron and FTX US, Justin Sun and Sam Bankman-Fried deny again that they bought Huobi Global. As a reminder, the majority shareholder of Huobi Global sold its shares to About Capital. Another investment company headquartered in Hong Kong.
Justin Sun and Sam Bankman-Fried: the new owners in the shadows
Huobi Global cryptocurrency exchange has been sold. The announcement was made a few days ago. According to the first official information after the sale operation, the Huobi Global crypto exchange has been bought by another Asian investment company.
Indeed, it is the company About Capital which acquired all the shares of the majority shareholder of Huobi Global. For investors in the cryptocurrency marketHuobi Global soap opera was over.
But unexpectedly, just a few days ago, several media reported that the real acquirers of Huobi Global are Justin Sun and Sam Bankman-Fried, the founders of Tron and FTX US.
According to numerous sources, the two bosses used the Asian company About Capital to acquire Huobi Global. In other words, the two founders of Tron and FTX US are the majority shareholders of Huobi Global, but preferred to remain in the shadows to act.
A formal denial from the two alleged buyers of Huobi Global
Justin Sun and Sam Bankman-Fried communicated on social networks. In their intervention, each on his side vigorously denied the information. Justin Sun goes further by issuing a press release through Shanghai-based media outlet Cailian She.
In this press release, Justin Sun claims that neither he nor his company Tron are involved in the takeover of cryptocurrency exchange Huobi Global.
For his part, Sam Bankman-Fried simply retweeted Wu Blockchain’s report with this little sentence: “still not involved”.
Finally, who tells the truth and who doesn’t? For the moment, there is a vagueness which reigns around this business.
However, a little earlier before this information is revealed in broad daylight through crypto news, Justin Sun celebrated his new position at Huobi Global with a tweet. Indeed, Justin Sun has become an advisory board member within Huobi Global.
It is therefore not surprising that he is suspected of having bought out this digital currency exchange. Given his closeness to Sam Bankman-Fried, there is some doubt that the latter would have supported him through his investment company FTX US.
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