Sam Bankman-Fried denies plans to buy Huobi
- August 29, 2022
- 0
FTX chairman Sam Bankman-Fried said his company will not buy the Huobi bitcoin exchange. Just to be clear, apparently a lot of people say this: No, we do
FTX chairman Sam Bankman-Fried said his company will not buy the Huobi bitcoin exchange.
Just to be clear, apparently a lot of people say this:
No, we do not plan to buy Huobi.
— SBF (@SBF_FTX) 29 August 2022
“To be honest, a lot of people are saying: No, we don’t plan on buying a Huobi,” Bankman-Fried wrote.
Bloomberg sources said in August that the platform’s co-founder, Leon Li, is in talks with a group of investors to sell his 58% stake. Among potential buyers, Justin Sun, president of FTX and founder of the Tron Foundation, has allegedly emerged.
According to journalist Colin Wu, email addresses of all Huobi employees changed from Huobi.com to htx-inc.com last week.
“There are rumors that FTX has completed the acquisition,” Wu said, adding to the contrary of Bankman-Freed.
Last week, Huobi changed all employee email addresses from https://t.co/uiqrIPWAHO to https://t.co/JibBeOZb47. FTX is said to have completed the acquisition. Bloomberg also reported that FTX and Justin Sun were involved. SBF said that we do not plan to acquire Huobi. https://t.co/vDbGFrik9V
— Wu Blockchain (@WuBlockchain) 29 August 2022
The native Huobi token reacted to the Bankman-Fried tweet, dropping from $5 to $4.7.
Previously, the media has filed Binance and FTX exchanges for Voyager Digital assets. According to sources, Coinbase was pulled from the list of potential buyers – its employees concluded “financial indicators.” [криптоброкера] don’t fight.”
Recall that in May, Bankman-Fried promised to spend “billions” on buying shares in other companies.
In June, FTX opened a $250 million revolving line of credit to blockchain lending platform BlockFi.
Later, the US division of FTX gave BlockFi another $400 million revolving loan, giving it the option to buy the platform for $240 million.
That same month, the entrepreneur denied reports that the bitcoin exchange was considering buying “troubled” mining firms.
In August, Bankman-Fried accused digital asset giants of being indifferent to weakened companies.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
