Breaking: Here’s How Huobi Shadow Owner Is Justin Sun After Recent Sale?

Although crypto exchange Huobi announced last week that the controlling stake changed hands, it appears there is more to it. On Saturday, Huobi Global said its founder Leon Li sold his entire controlling stake to Hong Kong-based About Capital Management. However, crypto entrepreneurs in Sam Bankman-Fried and Tron founder Justin Sun were vying for stake in the crypto exchange. Earlier this year in August, the two were reported to be in the forefront to acquire a 60% stake in the Seychelles based crypto exchange.

Justin Sun Is Now A Shadow Owner Of Huobi?

Interestingly, Huobi Global included the purported shadow owner Justin Sun in its initial list of Huobi Global advisors. On Monday, the exchange announced its global advisory board composed of industry leaders across blockchain and traditional organizations. Meanwhile, crypto reporter Wu Blockchain claimed Justin Sun is the real buyer of Huobi. He cited multiple sources in finding that the Tron founder is at the centerstage of the fund that bought Huobi.

The report claimed that Sun is the core investor in About Capital Management.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]
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