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 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.

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