Sources say that Justin Sun, the inventor of you see is in Talks to sell some of his holdings in Huobi Global, a digital currency exchange.
Last yearJustin Sun paid a billion dollars for Cryptocurrency exchange after the Hong Kong investment firm Around Capital, which is run by Leon Lee, the exchange creator And bought the main shareholder out.
Justin Sun argues selling his Huobi Global shares
According to the source with Intrinsic knowledge of the situation who Wire with bloombergJustin Sun has spoken with possible Investors about selling a share in Huobi Global.
Huobi Global global Advisor board A member said that Justin Sun has approached investors about selling some of them of they shares. Despite Justin Sun denying he has any royal interests in Huobi, he contributed about $200 million to the stock exchange support Since January.
On the other hand, Justin Sun denied that he had discussed selling a stake in Huobi Global called the article a joke on April 1st.
he also stated that the business Dedicated to delivering secure encryption trading And the investment still has to be done plans to look for a new What is with you.
Although Justin Sun purchase Hobby trading Size is still declining. Cryptocurrency exchange trading decreased volume below top ten in the past twenty four hours.
The SEC is charging Justin of Violation of securities laws
In March, Justin Sun was charged by the US Securities and Exchange Commission (SEC). of Violation of securities laws. he also fraught with Violating laws against fraud and market manipulate. He claims the measure “lacks validity” however and will continue to build a decentralized bank system. he also SEC blasted for Not providing transparency regulatory regulations and rules of behavior.
Hobby announced Strategic alliance with Party games for web3 and layer 1 development to support blockchain ecosystem this week.
the current price for Huobi Token (HT) is $3.66. Although a general market recoverythe token price He was moving sideways for the past week.
