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News

Justin Sun Confirms Huobi Global Is Not Related To FTX

November 12, 2022 - Around 1 mins mins to read
Justin Sun, the founder of TRON and a member of the advisory board of Huobi Global, has stated that Huobi, Poloniex and USDD have no investments in FTX, as well as any funds and user assets exceeding 100% of the margin.
Justin Sun Confirms Huobi Global Is Not Related To FTX

Justin Sun confirmed that Huobi exchange currently has no contact with FTX on Twitter:

Huobi completed the acquisition of tens of billions of US dollars of user funds in a short time due to liquidation. Just a month ago, it also completed a 100% escrow audit due to acquisitions and transfers, according to Sun.

The news comes after FTX announced CEO Sam Bankman-Fried has resigned and that FTX, FTX US, Alameda have been filed for Chapter 11 bankruptcy.

Previously, Reuters reported that Sun and SBF were discussing raising capital next week, but considering the current situation, Tron’s founder is “considering” this issue.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

FTX

Huobi

Justin sun

Poloniex

Sam Bankman-Fried

USDD

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Justin Sun Confirms Huobi Global Is Not Related To FTX

Justin Sun, the founder of TRON and a member of the advisory board of Huobi Global, has stated that Huobi, Poloniex and USDD have no investments in FTX, as well as any funds and user assets exceeding 100% of the margin.
Justin Sun Confirms Huobi Global Is Not Related To FTX

Justin Sun confirmed that Huobi exchange currently has no contact with FTX on Twitter:

Huobi completed the acquisition of tens of billions of US dollars of user funds in a short time due to liquidation. Just a month ago, it also completed a 100% escrow audit due to acquisitions and transfers, according to Sun.

The news comes after FTX announced CEO Sam Bankman-Fried has resigned and that FTX, FTX US, Alameda have been filed for Chapter 11 bankruptcy.

Previously, Reuters reported that Sun and SBF were discussing raising capital next week, but considering the current situation, Tron’s founder is “considering” this issue.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News