Both founders have had to deny their involvement in the Huobi Global Sale for the second time as new reports emerged on Wu Blockchain.
Wu Blockchain Reports On Huobi Global Sale
On Monday, crypto media outlet Wu Blockchain reported that both founders had purchased a majority stake in Huobi Global. The Asian crypto exchange had announced a few days back that it had sold a majority stake in the company to Hong Kong-based investment firm, וועגן קאַפּיטאַל. According to the report by Wu Blockchain, Sun was the behind-the-scene buyer for the Chinese crypto exchange and was silently being backed by SBF. The outlet quoted anonymous sources, saying that the company that acquired the majority stake in Huobi Global, About Capital, is acting as a “bridge” for Sun’s acquisition, which has been heavily backed by investment from FTX.
אַן אויסצוג פון דעם באַריכט לייענט,
“WuBlockchain learned from multiple sources that Justin Sun is actually the core investor of this M&A fund. Justin Sun himself was at the delivery site in Singapore on October 8. At present, Justin Sun is vigorously recruiting, and some departments of Huobi are also taking over.”
Not The Buyer: Justin Sun
Justin Sun, the founder of blockchain network Tron, and Sam Bankman-Fried, the founder of crypto exchange FTX have vehemently denied these claims. Addressing the report from Wu Blockchain, Sun issued a press release published by Shanghai-based media company Cailianshe, stating that neither he nor his company Tron was the acquirer of Huobi’s stake sale. Likewise, Sam Bankman-Fried retweeted the report from Wu Blockchain with the statement “still not involved.”
Bloomberg Reported Similar Findings
This is the second time the founders have had to issue a statement refuting these claims, as there were previous reports of their involvement in the Huobi Global deal. In August, Bloomberg reported that both Sun and SBF were potential buyers in the then-upcoming Huobi Global sale. The crypto exchange was looking to sell a majority stake in the company at a $3 billion valuation. Both Sun and SBF denied the reports soon after; however, Sun announced on Twitter that he had become one of the global advisors to Huobi.
ער טוועעטעד,
"איך בין זייער אַנערד צו זיין באשטימט ווי אַ מיטגליד פון דער גלאבאלע אַדוויסאָרי באָרד פון Huobi Global און אַרבעט מיט ינדאַסטרי, אַקאַדעמיק און פּאָליטיק פירער צו העלפן פירן און וואַקסן דעם ינאַווייטיוו, לעבעדיק און ריזיליאַנט אָרגאַניזאַציע אין זיין לעצטע קאַפּיטל פון גלאבאלע יקספּאַנשאַן. גאַנץ זעגל פאָרויס."
אָפּלייקענונג: דער אַרטיקל איז בלויז צוגעשטעלט פֿאַר ינפאָרמיישאַנאַל צוועקן. עס איז ניט געפֿינט אָדער בדעה צו זיין געוויינט ווי לעגאַל, שטייער, ינוועסמאַנט, פינאַנציעל אָדער אנדערע עצה.
Source: https://cryptodaily.co.uk/2022/10/justin-sun-sbf-deny-involvement-in-huobi-global-sale