May 25, 2024


Technology and Computer

Justin Sun, SBF again deny involvement in Huobi Global sale

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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