After Huobi reported last week that the firm had sold all of the shares of HuobiGlobal owned by the About Capital Management fund, it has come to light that Justin Sun is the core investor in this M&A fund. Sun was even present at the delivery location in Singapore. At the moment, Justin Sun is aggressively recruiting, and several Huobi departments are also taking over. The cost is around $1 billion.
Justin Sun initially responded to the media that he “didn’t participate”. However, his official social media recently confirmed that he had joined Huobi as a global advisor.