MEXCBreaking: Justin Sun Clarifies About Plans To Sell Huobi Global
Crypto News: Amid much debate about Justin Sun exploring options to sell stakes in crypto exchange Huobi Global, he clarified about it on Wednesday. Earlier CoinGape reported that Sun was in discussion to sell some stakes in the exchange. Reports said he reached out to investors for selling stake in the crypto exchange. Sun clarified that Huobi’s current owners want to continue, reiterating his support to the space saying they believe in the power and potential of cryptocurrency.
Also Read: ‘Relist XRP’ Demands Resurface Amid Delay In SEC Case Hearing
Justin Sun Clarifies About Sale Plans For Huobi
Sun clarified that the exchange’s management has no intention of changing ownership. When reports surfaced last week about Huobi’s plans to sell stake, Sun said the exchange was not seeking any buyers for stake in it. In line with the comment, his latest statement said,
“Huobi Global exchange has been a trusted name in the cryptocurrency industry for over 10 years, providing a safe, reliable, and compliant platform for trading digital assets. We want to assure our users that Huobi has no intention of changing ownership.”
Meanwhile, latest reports indicate that top exchange Binance refused an offer to buy out Justin Sun’s ownership stake in Huobi, in sharp contrast to Sun’s views that he wanted to sell stake. Earlier, in March 2023, he U.S. Securities and Exchange Commission leveled multiple charges against Sun over unregistered offer and sale of Tron (TRX) and BitTorrent (BTT) tokens.
Also Read: Binance Faces Scrutiny As Dubai Demands Crucial Information; BNB Price Drops
- $7B Virtu Financial Holds $63M XRP as Whales Accelerate Daily Sell-Off
- Breaking: Coinbase Nears $2B Deal to Buy Stablecoin Platform BVNK
- Coinbase CLO Fires Back at Senator Murphy Over ‘Corruption Factory’ Claim
- Crypto Prices Rise: Why Are BTC, ETH, LTC, XRP, SHIB, and ADA Up Today?
- Michael Saylor’s Strategy Eyes S&P 500 Spot Amid Bitcoin-Backed Credit Products Launch
- Pepe Coin Price Forms Multi-Year H&S Pattern as Whale Selling Intensifies
- Ethereum Price Forecast: $5K in Sight Post-Fusaka Upgrade
- Chainlink Price Eyes $25 as AllUnity Integrates CCIP for EURAU Expansion
- Sei Price Forecast: Will Robinhood Listing Spark a Rally?
- XRP Price Outlook as ETF Nears Possible November 13 Launch
- Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
