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Cryptocurrency News

Sam Bankman-Fried denies report FTX plans to purchase stake in Huobi

08/30/2022

Less than a minute

2022.08.30 06:14

Global crypto exchange FTX will not be acquiring a majority stake in Huobi, according to CEO Sam Bankman-Fried, or SBF.

In a Monday tweet, SBF explicitly denied a Bloomberg report that claimed FTX was planning to purchase crypto exchange Huobi. Cointelegraph reported on Aug. 12 that Huobi co-founder Leon Li was considering selling his majority stake, valued at more than $1 billion, in the company.

Source

08/30/2022

Less than a minute