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

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.

Previously, TRON’s Justin Sun also denied similar 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 statement follows earlier reports 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.
However, Sun immediately denied the original Bloomberg report, stating that neither he nor the company has engaged with Huobi.
Bankman-Fried also earlier refuted rumors about acquiring investing and trading platform Robinhood.
Meanwhile, FTX has been involved in merger and acquisition deals amid the ongoing crypto winter.
As previously reported by CryptoPotato, it was confirmed that Bithumb owner Vidente is holding discussions with FTX about possibly selling its stake to SBF’s company.
In July, BlockFi CEO Zac Prince announced that the cryptocurrency lender “signed definitive agreements” with FTX, which includes an option to purchase BlockFi for up to $240 million.

The post FTX’s Sam Bankman-Fried Says No Plans to Acquire Huobi appeared first on CryptoPotato.

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