TechFlow news, October 10 — According to Wu Shuo's report, although Huobi announced that its controlling shareholder company has transferred all shares of Huobi Global to a fund under Beyond Capital, making the merger and acquisition fund under Beyond Capital the largest shareholder and actual controller of Huobi Global, multiple insiders revealed that Sun Yuchen is in fact the key investor behind this acquisition fund. Sun Yuchen personally attended the closing event in Singapore on October 8. Currently, Sun’s team is aggressively hiring, taking over certain departments at Huobi, while original executives with titles starting with "C" have gradually had their access revoked or have resigned. The acquisition price is reported to be over $1 billion. Sun Yuchen has officially announced on his social media that he will serve as a global advisor to Huobi, alongside other advisors including Beyond Capital founder Chen Yihua, Du Jun, HKUST Vice President Wang Yang, and Valkyrle co-founder Leah Wald.
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