FTX's Sam Bankman-Fried Says No Plans to Acquire Huobi

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Amid reports about FTX being among the potential buyers of a major stake in Huobi, SBF cleared that his company does not have such plans.

FTX founder and CEO Sam Bankman-Fried, also known as SBF, clarified that there are no plans to acquire cryptocurrency exchange giant Huobi, contrary to previous reports.Sam Bankman-Fried made the clarification in a“Just to be explicit because apparently a lot of people are saying this: No, we are not planning to acquire Huobi.”that Huobi boss Leon Li is looking to sell his majority stake in the platform, reportedly valued between $2 billion to $3 billion.

Li said to be in talks with the FTX CEO, TRON founder Justin Sun, and other potential buyers.the original Bloomberg report, stating that neither he nor the company has engaged with Huobi.Meanwhile, FTX has been involved in merger and acquisition deals amid the ongoing crypto winter., it was confirmed that Bithumb owner Vidente is holding discussions with FTX about possibly selling its stake to SBF’s company.

 

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