Sam Bankman-Fried: No, FTX doesn't buy Huobi

Sam Bankman-Fried: No, FTX doesn't buy Huobi

Sam Bankman-Fried cleared rumors about the takeover of the rival Huobi through his crypto exchange FTX after reports appeared at the beginning of this month that indicated that preliminary talks had taken place.

"Only to say it clearly, because many people say: No, we don't plan to take over Huobi," said Bankman-Fried, CEO of ftx, tweeted on Monday.

Bloomberg reported at the beginning of this month that the founder of the Huobi Group, Leon Li, had tried to repellent his majority stake for more than $ 1 billion, which would be worth the exchange to $ 3 billion.

Sun later denied that his company would strive for a takeover. "We have not currently dealt with matters in connection with Bloomberg history," said Sun tweeted and emphasized that he did not negotiate with the founder of the Huobi group, Leon Li. According to reports, Li was looking for a 60 percent takeover offer of the company Huobi based on the Seychelles. If a buyer were found for his alleged evaluation, this would be one of the largest crypto deals of the year.

The Huobi investors Sequoia China and Zhenfund reported reported about the possible deal at a shareholder meeting last month.

In any case, the industry participants expect Buyouts and takeover offers from FTX. The crypto derivative and cash market exchange has stimulated companies in the middle of this year's depressed market conditions.

ftx in February acquired the Japanese Fintech company Liquid Group for a non-mentioned sum, the Canadian crypto trading company Bitvo in June and initiated a complicated rescue operation for the crypto loan blockfi in July.

ftx also offered to take over the bankruptcy lender Voyager, who later rejected the advance and described it as a "low bid".

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The contribution Sam Bankman-Fried: No, FTX does not take over Huobi is not a financial advice.