Although Huobi has announced its new proprietor as a Hong Kong investment fund, the local community that has tracked down the authentic investor is a title that is not unknown: Justin Sun. Is this authentic?
Conspiracy theories
As reported by Coinlive in August, the founder of the Huobi exchange Leon Li intends to promote most of his shares. Huobi is one particular of the oldest and most very well-acknowledged bags in the industry, but has progressively misplaced its luster immediately after remaining suppressed by the Chinese authorities in 2021.
Leon Li’s shares account for all over 60% which signifies that immediately after remaining transferred, it is equivalent to Huobi owning a new proprietor.
Many of the key gamers in the marketplace have “looked out” to want to acquire these shares, such as TRON founder Justin Sun and FTX CEO Sam Bankman-Fried (SBF).
On October eight, the new proprietor of the Huobi exchange was uncovered, officially announced as the Hong Kong-based mostly investment fund About Capital Management. Therefore, each Justin Sun and SBF “slip” into this takeover race.
However, in accordance to lots of analytical sources, Justin Sun is the key investor behind this deal. But Sun did not make it public for a quantity of distinctive motives.
Trace handwriting marks
On the very same day Huobi announced the new proprietor, Justin Sun’s wallet deal with transferred USDT a hundred million to the exchange. You can see the wallet deal with here.
Justin Sun transferred a hundred million $ USDT terrific #Huobi proper now.
Which token will he acquire?
Buy $ HT?$ BTC $ ETH $ BNB $ LINK $ SHIB $ CHZ $ APE $ MATIC $ SUshihttps://t.co/aNEbClaEEY pic.twitter.com/VwuJx2OzPm
– Lookonchain (@lookonchain) 8 October 2022
From Sun’s official Twitter account, the private representative website link has been modified to the Huobi exchange website link.
Sun also announced that he has develop into a international advisor to Huobi, along with the founder of About Capital Management, vice president of Hong Kong University of Science and Technology, and lots of other members.
I am pretty proud to have been appointed a member of the Global Advisory Board of @Huobi Global and companion with marketplace, academia and policy leaders to assist lead and increase this modern, vibrant and resilient organization in its newest chapter of international growth. Full sail ahead. https://t.co/txZspJaV4Q
– SE Justin Sun🌞🇬🇩 (@justinsuntron) October 9, 2022
Also, at Token2049 Singapore which took area not prolonged in the past, Justin Sun was current at the Huobi side occasion and joined the celebration with former Huobi personnel.
This proof suggests that Justin Sun is certainly the particular person behind Huobi’s merger and acquisition, though the About Capital Management investment fund only plays an intermediary position.
So why is this information and facts not created public?
Why hide?
Towards Huobi
According to a great deal speculation, simply because Huobi is an exchange originating in China, though Justin Sun has been “unpopular” between government officials for a prolonged time.
Previously, there was a “conspiracy theory” that Justin Sun had to “flee” China, then resigned as CEO of Tron to develop into a WTO ambassador. All these actions are aimed at “getting out of the body”, steering clear of the suspicions of the authorities and attempting to separate the routines in between Sun and the Tron venture.
Therefore, if it is public that Justin Sun is the new proprietor of Huobi, the Chinese government will not be pretty content. And you know, when you have fallen underneath the government’s sights, it is tricky to operate “safely” – specifically in China.
Therefore, it is understandable that Huobi “turns” Justin Sun’s information and facts into an “advisor”.
On Justin Sun’s side
If you never know, Justin Sun has confirmed his investment in the Poloniex exchange, or rather Sun is the proprietor of Poloniex.
Adding Huobi, this youthful guy has now “caught an octopus” at TRON, BitTorrent, USDD stablecoin, Poloniex and Huobi. Too a great deal no?
If the information and facts about the acquisition is public, the local community will be thrilled simply because Justin Sun has the potential to dominate the industry. This goes towards the decentralized spirit of cryptocurrencies. It prospects to a great deal of controversy and criticism directed at the Sun and Huobi themselves.
Therefore, it is understandable that Sun needs to hide in purchase to steer clear of “marketing”.
Also, its existing picture is the World Trade Organization, which should not have had a great deal to do with cryptocurrencies any longer.
Synthetic currency 68
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