- As per a tweet shared by Wu Blockchain, Justin Tron may soon initiate mass layoffs in his newly acquired exchange Huobi.
- Wu further shared how Huobi’s CEO and CFO have already submitted their resignations to Justin Tron.
Per a recent tweet shared by Wu Blockchain’s journalist Colin Wu, the former CEO and CFO of Huobi have submitted their resignations to Justin Tron’s team following the alleged acquisition of Huobi by Tron crypto founder Justin Tron.
Justin Tron May Soon Sack Huobi’s Crypto Staff: Report
Wu Blockchain’s Colin Wu has shared new details about Huobi, a cryptocurrency exchange that has reportedly been acquired by Tron Crypto founder Justin Tron.
According to Wu, Justin Tron’s team has taken control of all leading departments of the exchange and may soon initiate mass layoffs in a bid to stabilise the exchange.
Wu also shared how Justin Sun believes that “there are too many people employed by Huobi” and that the exchange may require lay-offs for better functioning. At present, Huobi currently has 1600 employees working for the exchange.
According to people familiar with the huobi, the former CEO and CFO of Huobi have resigned. Justin Sun’s TRON team has taken over important departments of Huobi. Huobi has 1,600 employees, Justin Sun believes that there are too many people, and there may be large-scale layoffs. https://t.co/bdMqeYPCrE
With speculation running rife, the crypto market is brimming with rumours claiming that Tron has acquired Huobi. The platform had recently announced its decision to delist its stablecoin HUSD, which fueled the crypto rumour mill up a notch. As per Wu blockchain, the decision to delist HUSD has been taken primarily to promote USDD, a stablecoin founded by Tron Network’s Justin Sun.
Wu Blockchain alleges that Huobi has already been acquired by Justin Sun, who recently took to Twitter to announce his latest role as Huobi’s global advisor.
I am very honored to be appointed as a member of the Global Advisory Board of @HuobiGlobal and work with industry, academic, and policy leaders to help guide and grow this innovative, vibrant, and resilient organization in its latest chapter of global expansion. Full sail ahead. https://t.co/txZspJaV4Q
Per a Substack post uploaded by Wu blockchain, “Huobi announced that the controlling shareholder company has transferred all the shares of HuobiGlobal held by the fund of About Capital Management. But WuBlockchain learned from multiple sources that Justin Sun is actually the core investor of this M&A fund.Justin Sun himself was at the delivery site in Singapore on October 8. At present, Justin Sun is vigorously recruiting, and some departments of Huobi are also taking over. The price is about $1 billion.”
Exclusive: The real buyer of Huobi is Tron Founder Justin Sun, possibly with the help of SBF. https://t.co/bPMtE2Youe
However, Tron is yet to issue any formal statement that confirms the fact that he has successfully acquired the Huobi cryptocurrency exchange.
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