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Justin Sun Denies Huobi Ownership Change Rumors Amid Binance Speculation

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Tron's founder Justin Sun addressed concerns surrounding the cryptocurrency exchange Huobi. Amid circulating rumors, Sun reassured users that the company has no intention of changing ownership and remains committed to providing a secure and compliant platform for trading digital assets.

The background of these rumors involves Sun allegedly attempting to sell his stake in Huobi to Binance, the world's largest crypto exchange. However, the proposal was reportedly declined by Binance due to concerns about Huobi's ties to China.

Sun stated that Binance was one of Huobi’s “most important partners.” Sun added that no offer was made on Huobi to Changpeng Zhao (CZ) – the co-founder of Binance – last week. He said:

“We have always regarded @binance as one of our most important partners and will continue to work closely with them on all levels. However, I must point out that in the past week or so, I have not proposed any offer to @cz_binance regarding the purchase of @HuobiGlobal , nor have we even discussed Huobi in the past week or so. “

In a seperate tweet thread, Sun stated that the crypto exchange has “no intention of changing ownership”. 

"We believe in the power and potential of cryptocurrency, and we will continue to work tirelessly to provide a top-tier trading experience that meets the needs of our users, while adhering to the highest standards of security, compliance, and customer service." He added.

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