Binance rejected Justin Sun’s offer to buy Huobi shares.
Justin Sun continues to come to the fore with the offers he has given in the sector these days. Sun’s latest offer was rejected by Binance.
Justin Sun’s Huobi Share Offer Stuck on Binance
Binance, the world’s largest cryptocurrency exchange by volume, recently turned down Tron Blockchain founder Justin Sun’s offer to buy an ownership stake in rival exchange Huobi, according to a person familiar with the matter.
According to the person with knowledge of the matter, Binance was not interested due to rumors that Huobi has ties to China and Binance does not want to do anything. Binance did not make any statement on the subject, while rejecting Sun’s share purchase.
The extent of Sun’s relationship with Huobi proceeded in secrecy. A company called About Capital acquired Huobi in October of last year. Huobi confirmed in January that he was the company’s leader, although Sun’s representatives said he had no affiliation with About.
Such speculations sounded like an April Fools’ joke last week, following a Bloomberg report that Sun was trying to sell its Huobi stock.
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