FTX Chief Sam Bankman-Fried Denies Involvement In Huobi Deal

FTX Chief Sam Bankman-Fried Denies Any Involvement In Huobi Deal

Source:- forbes.com October 10, 2022

Earlier, several reports claimed that SBF helped Justin Sun in acquiring a massive share in the crypto exchange Huobi.

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Justin Sun confirmed in a tweet that he has been appointed as a member of the Global Advisory Board of Huobi Global.

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However, SBF wrote “still not involved” quote retweeting a post by Wu Blockchain that claimed SBF helped Justin Sun in acquiring Huobi.

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Wu reported that Sun was present at the delivery site on Oct. 8 and that the price for the takeover was about $1 billion.

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Justin Sun and the FTX CFO often communicated together in Singapore to acquire Huobi, Wu had reported.

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SBF has repeatedly denied any involvement or his interest in acquiring Huobi.

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Earlier, text conversations between SBF’s advisor and Elon Musk revealed that the crypto billionaire was interested in buying Twitter.

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