Crypto mogule compete for Huobi majority participation: Report

Von Krypto News Österreich

Justin Sun Leon Li Huobi Sam Bankman-Fried
  • Huobi founder strives for up to $ 3 billion
  • It is unclear whether the subsidiary Huobi Technology is part of the share sales

Leon Li, the founder and CEO of Huobi Global, is in discussions with investors to sell his majority stake in the cryptocurrency exchange.

Li, who founded Huobi in 2013, says reportedly about 60 % of its share. He strives for an assessment between $ 2 and $ 3 billion, which means that a sale could bring in over $ 1 billion, according to the report.

ftx founder Sam Bankman-Fried and Tron founder Justin Sun are among the potential investors who have had preliminary discussions with Huobi about the sales sale, he added.

As one of the world's largest crypto trading platforms, Huobi often sees daily volumes over . The exchange slowly pulled out service for users in China-formerly a breeding site for income and customers-after the country last year crypto-related Transactions had declared illegally.

It is not clear whether the participation includes the company, which is listed in Hong Kong, Huobi Technology, which includes digital assets for investors. Huobi Tech's shares have so far fallen by 45 % this year, Showing Data.

HUOBI, FTX and the Tron Network, please do not answer the Blockworks for comment until the editorial deadline.

Some well -positioned risk capital providers and investors viewed the recent meltdown on the cryptocurrency markets as a purchase opportunity for new projects. Times of turbulence on the market are also viewed as the best time to develop new services in the crypto sector.

Bankman-Fried took it all to fall into a deal of rush and terminated agreements on the purchase of the Canadian crypto trading company Bitvo an embed finance and blockfi. He also offered to save Voyager digitally, but the bankruptcy crypto loan rejected his so-called "low-ball" offer.

Sun-who prefers to be known as his excellence after a diplomatic appointment of the Caribbean island state in 2021-said last month that he was ready to join Bankman-Fried to offer companies within the crypto ecosystem, and said that he and which he founded was "ready to serve". Sun had previously acquired a participation in the Poloniex crypto exchange and the files sharing pioneer Bittorrent, now Rainberry, for $ 140 million

. .

The article Crypto Moguls Competote for Huobi Majority Stake: Report is not a financial advice.