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Cryptocurrency News

Huobi co-founder reportedly looks to sell majority stake valued at over $1B

08/12/2022

Less than a minute

2022.08.12 23:49

Huobi co-founder reportedly looks to sell majority stake valued at over $1B

Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company that could be valued at over $1 billion.

Li reportedly had discussions with multiple financiers seeking to offload a 60% stake in the crypto company, which could be valued at over $1 billion and some believe could fetch as high as $3 billion, reported Bloomberg.

08/12/2022

Less than a minute