Circle insiders say Justin Sun is leading the investment consortium taking over Poloniex

Quick Take

  • TRON founder Justin Sun is behind Poloniex’s spin-off from Circle, several sources confirmed to The Block
  • The cryptocurrency exchange announced on Friday that it is leaving Circle, less than two years after Circle acquired it for $400 million 
TRON founder Justin Sun is heavily involved in the “Asian investment group” that is backing Poloniex as it spins out from Circle, several Circle employees told The Block under the condition of anonymity.  Less than two years after being acquired by Circle, cryptocurrency exchange Poloniex announced on Friday that it is leaving its parent company […]

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Oct 15, 2021, 2:54AM UTC