Jia Yueting: $30 million investment in QLGN will be completed this week

According to Odaily Planet Daily, Jia Yueting stated in a post that Faraday Future's $30 million investment in Qualigen Therapeutics (QLGN) has more than doubled its market capitalization. The strategic investment is expected to close this week, accelerating the crypto flywheel. On September 20th, Faraday Future announced a $41 million strategic investment in Qualigen Therapeutics (NASDAQ: QLGN) through a PIPE transaction. Qualigen Therapeutics will be renamed CXC10 and transformed into a crypto and Web 3 business platform. The strong lineup of investors includes Faraday Future and Jia Yueting personally, as well as Sign, a blockchain technology company that builds on-chain public infrastructure for governments and businesses worldwide, providing security solutions from digital identity verification to token distribution.