“I’m not buying anything,” says Tron CEO Amid Reports of Poloniex Acquisition

Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex.

In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets:



“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.”

As Cointelegraph reported on Oct. 18, the United States-based crypto exchange Poloniex is spinning out from global financial services company Circle to form a new trading platform that will not support customers based in the U.S.

Polo Digital Assets, the new company behind Poloniex, is backed by an unspecified Asian investment group, according to an official blog post.

Did Sun acquire Poloniex?

On Oct. 18, industry news outlet The Block has also reported that Sun is allegedly involved with the aforementioned Asian investment group, according to anonymous sources at Circle.

Per the article, Sun is leading the investment consortium and made a personal appearance at Circle’s headquarters. Poloniex’s employees were also reportedly asked whether they prefer to stay at Circle or move to Polo Digital Assets.

On Sept. 26, Sun announced that he will reschedule his charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett “very soon.”

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