Binance-Huobi Deal: Justin Sun Denies Trying to Sell the Exchange

Published 04/06/2023, 02:00 PM
Binance-Huobi Deal: Justin Sun Denies Trying to Sell the Exchange

  • Sun called Binance a valuable partner but insisted he made no offer to sell Huobi.
  • According to reports, Binance refused Sun’s offer.
  • Earlier this year, Sun announced that Huobi would cut 20% of its staff.
Amid mass layoffs and an SEC lawsuit against its founder, Houbi has seen better days.

Tron founder Justin Sun has denied rumors he is attempting to sell his ownership stake in Huobi to Binance. On Thursday, he assured Huobi users that the exchange has no intention of changing ownership.

Sun claimed he had not proposed any offer to Binance CEO Changpeng Zhao about the purchase of Huobi.

“We have always regarded Binance as one of our most important partners and will continue to work closely with them on all levels,” said Sun. However, he added...

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