Crypto Mogul Justin Sun Tries to Allay Doubts on Huobi Global

(Bloomberg) — The enigmatic crypto entrepreneur Justin Sun tried to clarify the hazy outlook for the digital-asset exchange Huobi Global as the platform’s native token struggles despite a wider rally in virtual coins.

The company isn’t seeking to sell a stake in the business, the 32-year-old Sun wrote April 1 on Twitter after a Bloomberg News report that he sounded out potential investors in recent weeks. Huobi aims to provide “a safe, reliable, and innovative platform,” he said.