The exact amount of the deal has not been disclosed.
“I am very honored to be appointed as a member of the Global Advisory Board of Huobi Global and work with industry, academic, and policy leaders to help guide and grow this innovative, vibrant, and resilient organization in its latest chapter of global expansion. Full sail ahead.”
The Tron founder has not yet denied his role in About Capital. Huobi, for one, has disclosed the terms of the deal with the latter. Following the purchase of a majority stake, Huobi formed a five-member global advisory board composed of its co-founder Du Jun, Wang Yang, vice president of the Hong Kong University of Science and Technology; Valkyrie Investment CEO Leah Wald, About Capital founder Ted Chen, and Tron’s Justin Sun. The board is tasked with guiding the exchange’s global expansion.
Meanwhile, FTX founder Sam Bankman-Fried was also speculated to have bought a stake in Huobi along with Sun. However, the exec has refuted any sort of participation in his latest
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