Breaking: 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.

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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.

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