“Dizzy, CZ or Sun to trust?”
Cryptocurrency exchange company Binance rejected an offer by Tron blockchain founder Justin Sun to sell Huobi shares to its exchange.
This is because Huobi, which has ties to mainland China, has been the cause of Binance acting cautiously and refusing to have anything to do with them even if it is just a rumor.
During an interview last month, Sun said that Huobi intended to obtain a license in Hong Kong and then launch a new exchange company there called Huobi Hong Kong, but that plan may not happen as he wants to sell his shares.
Earlier, the About Capital company was reported to have bought Huobi in October last year but Sun's representative said he was not involved with the company at all, but still confirmed himself as the company's head in January 2023.
The streak, Binance Chief Executive Officer (CEO) Changpeng Zhao (CZ) said he rejected Sun's offer last week, adding that the Tron founder has a majority stake in Huobi.
Despite that, Sun responded by saying that he did not make any discussions or offers regarding the purchase of Huobi to CZ last week.
Following that, Binance stated that it had no comment to share, with most individuals thinking that the company acted as such because it did not want to magnify the situation.
After the news was released, the price of JUST (JST) plunged to $0.0050 before rebounding to $0.027 while Tron (TRX) plunged around 0.22% to $0.006618 in the last 24 hours.
