Tron founder Justin Sun reportedly received 74 million HT tokens from official Huobi wallets.

On Oct. 14, Sun told Bloomberg News that he owns “tens of millions of Huobi tokens. He confirmed to be one of the largest holders of HT tokens.

In his capacity as an adviser to Huobi, Justin Sun said that he will work to boost the utility of the exchange.

Huobi transfers 74 million tokens

Shortly after the Bloomberg report, WuBlockchain revealed that official Huobi wallets transferred 74 million to wallets linked to the Tron founder.

On Oct. 13, Justin Sun’s Poloniex exchange interacted with two of Huobi’s wallets which transferred 32 million and 42 million HT tokens to two new addresses.

WuBlockchain alleged that the transferred tokens may be linked to the Huobi acquisition deal, which was allegedly facilitated by Justin Sun.

Justin Sun and the Huobi deal

Justin Sun was recently appointed as Huobi’s adviser as part of restructuring plans to transfer ownership to About Capital, Huobi’s new owner.

On October 10, news broke that Justin Sun was the brains behind the takeover deal. According to WuBlockchain, About Capital was “more of a bridge” for the Tron founder to complete the acquisition.

Justin Sun has since debunked rumors that his only role at the company is as an advisor.

Justin Sun has been major several meetings with Huobi employees to strategize on the next phase of the company.

Since Justin Sun joined the crypto exchange, Huobi’s HT token is up 86% in the last seven days. According to CryptoSlate Data, HT is currently trading at $7.7, up 7.7% in the last 24 hours.

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This post Huobi Reportedly Transfers 74 Million Tokens To Justin Sun, HT Up To 7.7%

was published first on https://cryptoslate.com/huobi-allegedly-transfers-74m-tokens-to-justin-sun-ht-up-7-7/

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