Crypto’s latest mystery is the ownership of major exchange Huobi

According to tracker CoinGecko. Huobi Global said last month that co-founder and controlling shareholder Leon Li had sold his stake in the company to a buyout firm managed by About Capital Management HK Co. — Photo by Kanchanara on Unsplash

In the vexing world of cryptocurrencies, the seemingly simple question of who owns an exchange can turn out to be fiendishly tricky.

Take Huobi Global, a platform with Chinese roots that has faded from global leadership but still commands notable daily trading volume of over US$300 million (RM1.37bil), according to tracker CoinGecko. Huobi Global said last month that co-founder and controlling shareholder Leon Li had sold his stake in the company to a buyout firm managed by About Capital Management HK Co.