Who really owns crypto exchange Huobi?
In early October 2022, right before the collapse of FTX, a mostly unheard-of Hong Kong-based investment firm, About Capital Management (ACM), announced that it had acquired China-based crypto exchange Huobi. It soon became clear that the mysterious party responsible for acquiring the exchange was, in fact, none other than TRON and Poloniex founder Justin Sun . In hindsight, the clues were there, from his persistent tweeting about the company to his appointment to the Huobi Global Advisory Board. However, Justin continues to deny any controlling ownership, instead stating that he’s an investor who merely helps to run things. So, the question remains: Exactly who owns Huobi and what’s the plan for the exchange? Why couldn’t Huobi admit Justin Sun helps run the crypto exchange? Read more: Huobi monetizes FTX collapse with opaque debt token Corporate documents answer nothing Protos acquired Hong Kong corporate documents for numerous Huobi and Justin Sun-related entiti...