The founder of Tron, Justin Sun has reportedly taken over the Houbi Global Business after the former CEO Zhu Hua, CFO Zhang Li, and other senior executives have voluntarily resigned, according to recent sources.
The information was revealed in a tweet on November 15 by Wublockchain.
Sun Joined Huobi Global in October as a strategic advisor to guide the firm for global expansion and capital injection to improve competitiveness.
As per an earlier report by MyCryptoParadise, the founder of the exchange Leon Li sold his stake to a Hong Kong fund About Capital in October, although there were reports that Sun is the real buyer of the firm, a report he has continued to deny.
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Justin Sun Involvement in Insolvent FTX Deal
Justin Sun, who had once worked with FTX exchange on TRX trading as well as other tokens, was reportedly in talks with the FTX exchange over an acquisition deal.
This was revealed by Sun in an interview which according to him, he and his team are already working on due diligence on the potential acquisition of FTX.
FTX had earlier reached out to Binance for rescue over its liquidity crisis which Binance had earlier agreed to rescue the firm but later backed out because of issues beyond Binance’s control.
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