After cryptocurrency media outlet Wu Blockchain reported on Monday that Sun was actually the Chinese crypto exchange’s behind-the-scenes purchaser, with Bankman-Fried rumored to be supporting Sun, both the founders of blockchain network Tron and cryptocurrency exchange FTX denied their involvement in the deal for a second time.
According to a Bloomberg article from August, Sun and Bankman-Fried were reportedly interested in purchasing Huobi Global’s majority ownership, which was valued at US$3 billion. Later, though, both Sun and Bankman-Fried disputed it.
In a press release posted on the Chinese news website Cailianshe on Monday. Sun claimed that neither he nor Tron was the buyer of the stake sale from Huobi. The state-owned Shanghai United Media Group supports the media company Cailianshe, which is situated in Shanghai.
With the remark “still not involved.” Bankman-Fried tweeted Wu Blockchain’s article on his participation in the acquisition.
However, Justin Sun tweeted to acknowledge his appointment to the Huobi Global advisory board.
In a story published on Monday, Wu Blockchain cited unnamed sources who said that About Capital, the company that bought the majority of Huobi Global, is more of a “bridge” for Justin Sun’s acquisition and cited reports that FTX has invested to support Justin Sun.
