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Tron CEO to sell Huobi stake, defying Justin Sun

Gary Flanders by Gary Flanders
2 years ago
Tron CEO to sell Huobi stake, defying Justin Sun

Justin Sun, the astute business executive and visionary founder of the revolutionary blockchain DAO ecosystem Tron, has categorically denied the recent report claiming his involvement in discussions with potential investors to sell a stake in the esteemed crypto firm Huobi. In a resolute statement, he clarified that Huobi is not actively seeking any buyers and has no intention to do so in the future. His unwavering commitment to the growth and success of Huobi is a testament to his unwavering dedication to the blockchain industry.

On April 1st, Bloomberg’s television media outlet disclosed that, according to a reliable source, the founder of Tron has been in discussions with investors for the past week regarding the potential sale of a stake in Huobi.

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Despite the individual’s reluctance to disclose their identity, citing the sensitive nature of the topic, they confirmed that no additional information regarding the proposed action is available. It remains to be seen whether the investors will proceed with their intentions.

Following the report, Sun took to his official Twitter page to refute the claim that Huobi Global was searching for a stake buyer. Professionally, he denied the report and even went as far as to suggest that it sounded like an April Fool’s prank.

As much as I love a good April Fool's Day prank, I must deny the report that @HuobiGlobal is seeking a stake buyer. Rest assured, Huobi is committed to providing our users with a safe, reliable, and innovative platform for trading and investing in cryptocurrency. ❤️

— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 1, 2023

The crypto entrepreneur has been diligently working towards expanding Huobi’s global trade by actively seeking out Chinese customers, despite the prolonged crypto ban in China. However, the company has been grappling with significant setbacks recently, with losses of nearly $10 million monthly. These challenges have been tragic, but the entrepreneur remains resolute in overcoming them and driving Huobi toward greater success.

In light of Bloomberg’s recent report, Sun has unequivocally refuted the claim while simultaneously reaffirming the company’s unwavering dedication to its valued customers. In a professional and resolute tone, Sun stated that their commitment to providing exceptional service remains steadfast.

Huobi is committed to providing our users with a safe, reliable, and innovative platform for trading and investing in cryptocurrency.

According to the report, Sun’s affiliation with Huobi remains mysterious. Despite identifying himself as an “adviser” and disavowing any stock ownership, he has substantially contributed nearly $200 million to the company.

Tags: ExchangeHuobi Global
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Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

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TRON (TRX)
0.13%
$ 0.286833
$ 0.000373
⇣ 0.285905
8 Jul
⇡ 0.287195
#NameTrust ScoreVolume (24H)
Data by Coingecko API
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