Justin Sun, the founder of Tron, denied reports that he bought a majority stake in Huobi Global.
Huobi recently announced that the controlling shareholder of the company has agreed to sell its stake to Hong Kong-based investment firm About Capital Management’s M&A fund. Then came the allegations that Sun, the founder of the Tron blockchain, was involved in the Huobi share sale.
Justin Sun Says Huobi Claims Are Untrue
Justin Sun, the founder of the Tron ecosystem, reported that he is not the real buyer of the recent Huobi share sale.
Huobi said that Hong Kong-based investment firm About Capital Management has agreed to sell it to the M&A fund. However, he did not name the shareholder involved in the acquisition. This led to some speculation.
Among the allegations in the sale of shares, there was a purchase by Justin Sun. After all these developments, the crypto exchange announced its advisory board members.
Earlier today, multiple sources said that Sun was the actual buyer in the Huobi stock sale. However, Sun told The Block that this claim was false. He also reiterated what he said in his Twitter post, “I’m just an advisor to Huobi.”
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