Justin Sun, founder of Tron, could be the real buyer behind the deal to acquire Huobi Global, according to sources.

The information was first reported by a Chinese online media outlet @wublockchain12 on Monday, October 10, citing multiple sources on the matter and claiming that Sun is the real investor in offering $1 billion behind the deal.

However, noor the parties confirmed or denied the acquisition at the time of writing.

justin sun tweeted on Monday, confirming that he has joined and been appointed as one of Huobi Global’s advisors.”:

“I am very honored to be appointed to the Global Advisory Board of @HuobiGlobal and work with industry, academic and policy leaders to help guide and grow this innovative, vibrant and resilient organization in its latest chapter of global expansion.”

Meanwhile, Sun too additional the Huobi link on their Twitter cover page in the English version account.

Among the advisors, Ted Chen, CEO of About Capital; Du Jun, co-founder of Huobi Global; Wang Yang, Vice President of the Hong Kong University of Science and Sciences Technologyand Leah Wald, CEO of Valkyrie Investments, also joined the advisory board, according to Huobi Global’s announcement.

The rumor came after the Huobi Global transaction announced last Friday that the cryptocurrency exchange “has completed the transaction to sell its entire shareholding in Huobi Global to the buying vehicle managed by About Capital Management (HK) Co., Limited, based in Hong Kong. About Capital”). According to the statement, the About Capital purchase vehicle will control the majority stake in Huobi Global once the transaction is completed.

With the latest development, About Capital’s move was simply described as “a bridge” to the acquisition of Justin Sun.

Huobi was trading as high as $4.4739 at 2:20 p.m. HKT, down more than 5% intraday, according to CoinMarkCap.

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