"Maybe it will work, maybe it won't, so we'll see what the result is later."
Tron founder Justin Sun expects Huobi Global to generate $187 million in revenue and $76 million in expenses in the second quarter, where it will nearly quadruple its quarterly earnings to $111 million from the previous quarter.
It is widely known that Huobi has taken various measures to reduce costs and increase efficiency in the first quarter.
Earlier in the first quarter, Huobi posted a profit of around $30 million after it planned to receive a virtual asset service provider license for crypto exchange company Huobi in Hong Kong.
For the record, Huobi in the first quarter has recorded income of $150 million and expenses of around $120 million despite some issues such as the overnight fall faced by crypto exchange company FTX.
Meanwhile, Sun has denied allegations that he held discussions about selling Huobi shares to Binance, but they turned down the offer.
On March 22, the Securities and Exchange Commission (SEC) of the United States (US) filed a lawsuit against Sun for violating securities regulations and violating anti-fraud regulations including market manipulation.
While Huobi, which also intends to expand its ecosystem, has signed an agreement with Gala Games to develop Web3 and Layer-1.
