Tron founder Justin Sun called the report of selling a stake in the cryptocurrency exchange Huobi an ‘April Fool’s prank’. Bloomberg had previously reported this, citing a source.
As much as I love a good April Fool’s Day prank, I must deny the report that @HuobiGlobal is seeking a stake buyer. Rest assured, Huobi is committed to providing our users with a safe, reliable, and innovative platform for trading and investing in cryptocurrency. ❤️
— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 1, 2023
Be assured that Huobi is committed to providing its users with a safe, reliable and innovative platform for trading and investing in cryptocurrency,
Bloomberg’s source did not name any potential investors or the valuation of the stake. According to him, negotiations were allegedly at an early stage.
In October 2022, Huobi agreed to the sale of a controlling stake in the Hong Kong-based investment company About Capital Management. The parties did not disclose the financial terms of the deal.
According to media reports, the ultimate beneficiary of the purchase was Sun. The entrepreneur denied these statements, explaining that he had become a member of the exchange’s advisory board. He also admitted that he is a major holder of HT.
In November, Huobi announced a rebranding, which resulted in dropping the official name Huobi Global.
The platform also denied rumors of a possible merger with Poloniex, entering into a strategic partnership with the exchange.