China-Born Crypto Mogul Justin Sun Tries to Allay Doubts as Huobi-Linked Bet Frays
- Justin Sun denies that Huobi Global is seeking to sell a stake
- Huobi’s native HT digital token has sunk 28% so far in 2023
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The enigmatic crypto entrepreneur Justin Sun tried to clarify the hazy outlook for Huobi Global, a major digital-asset exchange, as the platform’s native token struggles despite a wider rally in virtual coins.
The company isn’t seeking to sell a stake in the business, the 32-year-old wrote on Twitter on April 1, following a Bloomberg News report that Sun had sounded out potential investors in past weeks.