Justin Sun, the founder of blockchain network Tron, and Sam Bankman-Fried, the founder of crypto exchange FTX, both denied for the second time that they were involved in the purchase of a majority stake in Huobi Global, after crypto media outlet Wu Blockchain reported on Monday that Sun was the Chinese crypto exchange’s behind-the-scenes purchaser, with Bankman-Fried rumored to be backing Sun.
CoinCu reported in August that Huobi Global was looking to sell its controlling interest for $3 billion, with Sun and Bankman-Fried as prospective purchasers. Justin Sun and Bankman-Fried both disputed it subsequently.
Sun stated in a news statement released on the Chinese media site Cailianshe on Monday that neither he nor Tron was the purchaser of Huobi’s share sale. Cailianshe is a media firm established in Shanghai that is funded by the state-owned Shanghai United Media Group.
With the comment “still not involved,” Bankman-Fried retweeted Wu Blockchain‘s post on his involvement in the deal.
still not involved https://t.co/fiIyxTVEiq
— SBF (@SBF_FTX) October 10, 2022
Justin Sun, on the other hand, has joined Huobi Global’s advisory board, and he tweeted about it.
I am very honored to be appointed as a member of the Global Advisory Board of @HuobiGlobal and work with industry, academic, and policy leaders to help guide and grow this innovative, vibrant, and resilient organization in its latest chapter of global expansion. Full sail ahead. https://t.co/txZspJaV4Q
— H.E. Justin Sun (@justinsuntron) October 9, 2022
According to a Monday article by Wu Blockchain, unnamed sources claim that About Capital, the purchaser of Huobi Global’s majority interest, is more of a bridge for Justin Sun’s acquisition, and FTX has invested to support Justin Sun.
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