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Tron CEO Justin Sun Disproved of Poloniex Acquisition Rumours

By Natalie Wu | October 21, 2019

Justin Sun – co-founder and current head of Tron (TRX) – has reportedly disproved of claims saying he is the man in charge of the investment group looking to buy crypto exchange platform Poloniex. 

As stated via a Twitter post on October 19, Sun updated that he has no intentions of “buying anything” for the time being, while further stressed that he is an investor and revealed some amount of current assets currently at his disposal. 

“Just invest some and help out my friends. Actually, I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT.”

Previously, The CryptoSight reported that Poloniex is Leaving Circle to set up a new exchange for non-US customers. Polo Digital Assets – the new firm to be established by Poloniex – is reportedly is financially supported by an anonymous Asian investment group.

The Block has also reported on October 18 that Justin Sun allegedly has some connections with the above-mentioned Asia-based investing company. 

According to the report, Sun is the director in charge of the investment consortium, and has appeared in person at Circle’s main office to do business.

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