Justin Sun Allegations Confuse: Big Sale Coming?

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According to Bloomberg’s report, the founder of Tron Justin Sun It is in talks to sell some of its shares in crypto exchange Huobi Global. Sun acquired the crypto exchange for $1 billion last year after majority shareholder and founder Leon Li sold his entire stake in the crypto exchange to Sun-run Hong Kong-based investment firm About Capital.

Justin Sun Denies Selling His Share In Huobi Global

A person with direct knowledge of the matter told Bloomberg that Justin Sun is in talks with potential investors about selling a stake in Huobi Global.

Justin Sun, a member of Huobi Global’s Global Advisory Board, reached out to investors to sell some of his shares in the crypto exchange. Although Sun claims he has no stake in Huobi, it is known that he has used around $200 million to support the exchange since January.

Sun, who denied that he was in any discussion about selling a stake in Huobi Global, described the news as an April Fools’ joke. He also stated that the company has no new owner search plans and is committed to providing secure trading and investing in cryptocurrency. announced.

“We are not and will not be looking for any buyers for Huobi.”

Trading volume in Huobi continues to decline despite its acquisition by Justin Sun. In the last 24 hours, crypto- exchange is not in the top ten in terms of trading volume.

Koinfinans.com As we reported, the SEC has filed a lawsuit against Justin Sun for alleged breach of securities rules. It is also accused of violating anti-fraud and market manipulation regulations. However, Sun argues the case is “lack of merit” and will continue to build a decentralized financial system. It also criticized the SEC for not introducing clear regulatory rules and transparent guidelines.

This week, Huobi announced a strategic partnership with Gala Games for Web3 and Layer-1 development while remaining committed to the Web3 ecosystem.

You can follow the current price action here.


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