Justin Sun only an advisor to Huobi; reports

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Justin Sun, founder of Tron, denied reports claiming he bought Huobi’s majority stake.

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Citing multiple sources, Wu Blockchain reported that Justin Sun, was the “real buyer” of the Huobi stake sale.

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However, Justin Sun reports to The Block that the claim is "wrong."

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He added "I'm only an advisor to Huobi," reiterating what he said in a Twitter post earlier today.

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Many also claimed that FTX founder Sam Bankman-Fried possibly bought a stake in Huobi with Sun.

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But Bankman-Fried tweeted that FTX is not involved in the deal.

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The terms of the deal with About Capital Management were not disclosed by Huobi.

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