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Binance and Huobi have the same owner?

Not everyone in the cryptocurrency industry is comfortable with Binance, and a few have some questions about the relationships the exchange keeps. One researcher has painted a picture of some of those relationships, and while it provides some clarity, it also leads to more questions, particularly where Huobi is concerned.

Twitter user hash.fail (@ZeroNoncense) posted a ten part thread on September 12, starting with Binance’s connection to Prime Trust, the company helping them integrate stablecoins.

From there, it doesn’t take too many steps to reach a connection to Huobi. Prime Trust are also custodians for Koi Trading, located at the exact same address as BAM Trading Services. Hao Chen and Harry Zhou, both executives for Huobi, are also the founders of Koi Trading and involved with…

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