March 29, 2024

leehotti

Technology and Computer

Justin Sun, SBF again deny involvement in Huobi Global sale

image 12

The founder of blockchain network Tron, Justin Solar, and crypto exchange FTX founder Sam Bankman-Fried each denied for a next time that they have participated in buying a bulk stake in Huobi Global, soon after crypto media outlet Wu Blockchain mentioned on Monday that Solar was in fact the Chinese crypto exchange’s at the rear of-the-scenes purchaser, with Bankman-Fried was rumored to be backing Sunshine.

See related post: Huobi to delist ‘privacy tokens’ which include Monero, cites regulatory pressure 

Speedy information

  • In August, Bloomberg described that Huobi Worldwide was in search of to market its greater part stake at a valuation of US$3 billion, with Sunlight and Bankman-Fried as potential purchasers. But afterwards, Sun and Bankman-Fried each individual denied it.
  • Sunshine claimed on Monday that neither he nor Tron was the acquirer of Huobi’s stake sale in a push release revealed on Chinese media website Cailianshe. Cailianshe is a Shanghai-based mostly media company backed by the point out-owned Shanghai United Media Group.
  • Bankman-Fried retweeted Wu Blockchain’s report about his involvement in the acquisition with the comment “still not involved.”
  • In a Monday report, Wu Blockchain quoted nameless resources as stating that About Money, the acquirer of Huobi Global’s greater part stake, is far more of a “bridge” for Justin Sun’s acquisition, and citing rumors indicating FTX has invested to back again Justin Solar.

See related post: Huobi Technologies considers title change