Cryptocurrencies
Justin Sun Holds Talks About Stake Sale in Huobi Global
- Sun calls himself “adviser” to Huobi, says not a shareholder
- Huobi lost market share after China banned crypto trading
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Crypto entrepreneur Justin Sun has held talks about selling a stake in digital-asset exchange Huobi Global, according to a person with direct knowledge of the matter.
Sun has sounded out potential investors in past weeks, said the person, who asked not to be named discussing confidential information. It wasn’t clear what valuation the 32-year-old Chinese native is seeking for the company, or how big a stake is being offered. These conversations were in the early stages and it was not clear whether any of the investors might move forward, the person said.