Justin Sun denies the Binance-Huobi deal reports

Justin Sun denies the Binance-Huobi deal reports

Altcoin news, News

In response to the most recent allegations, Justin Sun, the founder of Tron, denies that Binance turned down a bid to buy Sun’s ownership stake in Huobi Global, a cryptocurrency exchange.

An unnamed source alleged that Huobi’s alleged connections to the Chinese mainland—which Binance does not want to be associated with—were the reason Binance was not interested in buying Sun’s stake.

Justin Sun tweeted: “We have always regarded @binance as one of our most important partners and will continue to work closely with them on all levels. However, I must point out that in the past week or so, I have not proposed any offer to @cz_binance regarding the purchase of @HuobiGlobal, nor have we even discussed Huobi in the past week or so.”

A few days back even Bloomberg reported Justin Sun has contacted possible investors about his stake in Huobi over the previous weeks. Sun refuted the claims on Twitter.


Advisor to Huobi Sun added that the company has no plans to change ownership. Due to sour market conditions, Huobi Token fell 90% just last month. Justin Sun did reassure the users that everything is fine and that their money is secure.

Compiled by Coinbold

Binance, Huobi, Justin Sun, TRX