Why couldn’t Huobi admit Justin Sun helps run the crypto exchange?
It’s official: Justin Sun helps run Huobi and is a major shareholder. But why did it take this long for the company to admit it?
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It’s official: Justin Sun helps run Huobi and is a major shareholder. But why did it take this long for the company to admit it?
— Huobi, Justin Sun
Rumors have been swirling about Huobi's insolvency and employee cuts. Now, advisor Justin Sun confirms 20% of staff will be let go.
Sun has repeatedly denied that FTX chief Sam Bankman-Fried provided him the backing he needed to take over Huobi.
Chen Boliang is accused of accessing Huobi's systems to fraudulently create a $20 million credit line with an account set up in his father's name.