Amid much debate about Justin Sun exploring options to sell stakes in crypto exchange Huobi Global, he clarified it on Wednesday. Sun was in discussion to sell some stakes in the exchange. Reports said he reached out to investors for selling a stake in the crypto exchange.
Sun clarified that Huobi’s current owners want to continue, reiterating his support for the space saying they believe in the power and potential of cryptocurrency.
Sun clarified that the exchange’s management has no intention of changing ownership. When reports surfaced last week about Huobi’s plans to sell the stake, Sun said the exchange was not seeking any buyers for a stake in it.
Meanwhile, latest reports indicate that top exchange Binance refused an offer to buy out Justin Sun’s ownership stake in Huobi, in sharp contrast to Sun’s views that he wanted to sell the stake.
Earlier, in March 2023, the U.S. Securities and Exchange Commission leveled multiple charges against Sun over the unregistered offer and sale of Tron (TRX) and BitTorrent (BTT) tokens.