Huobi allegedly transfers 74M tokens to Justin Sun, HT up 7.7%

Tron laminitis Justin Sun has reportedly received 74 cardinal HT tokens from Huobi’s authoritative wallets.

On Oct. 14, Sun told Bloomberg News that helium owns “tens of millions of Huobi tokens. He confirmed to beryllium 1 of the biggest holders of the HT tokens.

In his capableness arsenic a Huobi advisor, Justin Sun said helium volition enactment to boost the inferior of the exchange.

Huobi transfers 74 cardinal tokens

Shortly aft the Bloomberg report, WuBlockchain revealed that Huobi’s authoritative wallets transferred 74 cardinal to wallets linked to the Tron founder.

74 cardinal HT of Huobi’s 2 authoritative wallets person been transferred to 2 caller addresses connected October 13, and the archetypal transactions were from Justin Sun’s poloniex. The HT officially held by Huobi whitethorn beryllium portion of the acquisition of Huobi Exchange and has been handed implicit to Sun. https://t.co/O3SexjA8io

— Wu Blockchain (@WuBlockchain) October 14, 2022

On Oct. 13, Justin Sun’s Poloniex speech interacted with 2 of Huobi’s wallets that transferred 32 million and 42 million HT tokens to 2 caller addresses.

WuBlockchain alleged that the transferred tokens whitethorn beryllium linked to Huobi’s acquisition deal, which Justin Sun allegedly facilitated.

Justin Sun and the Huobi deal

Justin Sun was precocious named arsenic an advisor to Huobi arsenic portion of restructuring plans to transportation ownership to About Capital, Huobi’s caller owner.

News emerged connected Oct. 10 that Justin Sun was the encephalon down the acquisition deal. According to WuBlockchain, About Capital was “more of a bridge” for the Tron laminitis to implicit the acquisition.

Justin Sun has since debunked the rumors stating that his lone relation successful the institution is arsenic an Advisor.

Justin Sun has been leading respective meetings with Huobi employees to strategize connected the company’s adjacent phase.

Since Justin Sun joined the crypto exchange, Huobi’s HT token has surged 86% successful the past 7 days. According to CryptoSlate Data, HT is presently trading astatine $7.7 — up 7.7% successful the past 24 hours.

The station Huobi allegedly transfers 74M tokens to Justin Sun, HT up 7.7% appeared archetypal connected CryptoSlate.