Over the weekend, Chinese crypto exchange Huobi Global announced that it had been taken over by an investment company, but the real backers of the deal could be a couple of the industry’s most prominent characters.
On Oct. 8, BeInCrypto reported that the controlling shareholders of Huobi Global completed transactions to sell their entire shareholdings to About Capital Management, a Hong Kong-based fund management firm.
It has now been reported that the real buyer of the crypto exchange giant could be TRON founder Justin Sun. On Oct. 10, Chinese blockchain news outlet Wu Blockchain cited “multiple sources” that claimed Sun was the core investor in this fund of mergers and acquisitions.
Wu also reported rumors that FTX CEO and crypto billionaire Sam Bankman-Fried “invested to help Justin Sun.” However, SBF has previously denied any interest in Huobi.
Onboarded to Huobi Advisory Board
On Oct. 10, a tweet also appeared from Sun confirming that he has been appointed as a member of the Global Advisory Board of Huobi Global. The board has been tasked with guiding the company’s business development and strategic roadmap for global expansion.
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