crypto News The media called Justin San a buyer Huobi. The founder of Tron denied rumors

The media called Justin San a buyer Huobi. The founder of Tron denied rumors

The media called Justin San a buyer Huobi. The founder of Tron denied rumors

The final beneficiary of the ABOUT CAPATAL Management Foundation, which was bought by the Huobi exchange stake, can be the founder of Tron Foundation Justin San. This Metaverse: the was announced with reference to several sources by journalist Colin Wu.

Exclusive: The Real Buyer of Huobi Is Tron Founder Justin Sun, Possibly with the Help of SBF. https: // t.CO/BPMTE2YOE

– Wu Blockchain (@wublockchain) October 10, 2022

The purchase price could be $ 1 billion.

In response to a request, the founder of Tron said that he did not participate in the transaction. Subsequently, information was added in the description of his account that it is associated with Huobi.

The ABOUT CAPATAL Management was involved in the acquisition scheme due to the fears of the founder of Huobi Leon Lee, that this step can affect its safety in the light of concern of the Chinese authorities. In turn, Justin San did not want to cause Binance irritation, which supports him, according to sources.

According to Wu, Justin San made a speech to Huobi employees.

Justin Sun is Making A Speech to All Huobi Employees. He Said that Overall Work Will Revolve Around Huobi Token HT, BUT Will Not Return to the Chinese Market. (Which Shoup only be said to the chinese government) https: // t.Co/BDMQEZ7LFM

– Wu Blockchain (@wublockchain) October 10, 2022

“He stated that the general work will rotate around the HT token, but [the company] will not return to the Chinese market,” the journalist wrote.

Representatives of Huobi in a comment by FORKLOG said that San entered the Advisory Council of Exchange. He will participate in the development of the company as an adviser along with other four representatives of traditional and blockchain companies.

According to Huobi website, the Council also included CEO ABOUT CAPATAL Management Ted Chen, co-founder of the Huobi Exchange Du Zyun, Van Yang, Vice-President of the University of Science and Technology, and Valkyrie Investments General Director Liya Wald.

“The advisory council will facilitate the development of the Huobi Global business, as well as help in the development of a strategic roadmap of global expansion,” the company said.

San in a conversation with The Block called the “wrong” statement that he is a real buyer Huobi. The founder of Tron repeated that he entered the advisory council of the platform.

Recall that in August 2022, Bloomberg announced that Lee was negotiating a 58% stake package when evaluating a company of $ 2- 3 billion.

Among the potential buyers, San and the head of FTX Sam Bankman-Frida appeared. Later the latter refuted its interest.

In November 2019, Justin San and other investors purchased the Poloniex crypto -story.

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