China-based popular cryptocurrency exchange Huobi Global has been acquired by asset management firm About Capital Management. But the real person behind this acquisition is thought to be TRON (TRX) founder Justin Sun.
According to a recent report, About Capital Management has acquired the majority of Huobi Global’s shares. October 7th As a result of the agreement, it was stated that About Capital took over as the controlling shareholder in the management of Huobi. Although the exact figures on the size of the agreement are not disclosed, billion dollar trade is thought to have been made.
On the other hand, according to the news by Wu Blockchain, About Capital only acted as a bridge and the famous billionaire Justin Sun took place in the background as the main shareholder. Although Justin Sun said that he did not agree with Wu’s news in his first statement, a few days later, on Sun’s official Twitter account. Huobi’s global advisor A phrase has been added.
Although it is not clear why Justin Sun made the deal behind secret doors, some serious possibilities are suggested. Chief among these is his unwillingness to draw backlash from the Chinese government. 5 people announced after the purchase Huobi Global Advisory Board Among them is Justin Sun.