Since Justin Sun of Tron (TRX) fame became a Huobi Global Advisory Board member, the exchange has been embroiled in a number of controversies. Among them is the fact that, for months, Huobi refused to say exactly how Sun was involved in its acquisition by the opaquely-named About Capital Management.

As you’d expect, rumors swirled that Sun backed the acquisition, which would have explained his quick appointment to Huobi’s Global Advisory Board. Huobi remained quiet about the situation until a statement issued on January 19, 2022, confirmed that he had indeed assumed a leadership role in the company.

Hosted on Acast. See acast.com/privacy for more information.