FTX founder and CEO Sam Bankman-Fried, also referred to as SBF, clarified that there are not any plans to purchase cryptocurrency alternate large Huobi, opposite to earlier reviews.
Previously, TRON’s Justin Sun additionally denied comparable rumors.
- Sam Bankman-Fried made the clarification in a tweet on Monday (August 29, 2022). According to the billionaire:
“Just to be explicit because apparently a lot of people are saying this: No, we are not planning to acquire Huobi.”
- SBF’s assertion follows earlier reviews that Huobi boss Leon Li is trying to promote his majority stake within the platform, reportedly valued between $2 billion to $3 billion. Li mentioned to be in talks with the FTX CEO, TRON founder Justin Sun, and different potential consumers.
- However, Sun instantly denied the unique Bloomberg report, stating that neither he nor the company has engaged with Huobi.
- Bankman-Fried additionally earlier refuted rumors about buying investing and buying and selling platform Robinhood.
- Meanwhile, FTX has been concerned in merger and acquisition offers amid the continuing crypto winter.
- As beforehand reported by CryptoPotato, it was confirmed that Bithumb proprietor Vidente is holding discussions with FTX about probably promoting its stake to SBF’s company.
- In July, BlockFi CEO Zac Prince introduced that the cryptocurrency lender “signed definitive agreements” with FTX, which incorporates an possibility to buy BlockFi for up to $240 million.
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