Amid reports about FTX being among the potential buyers of a major stake in Huobi, FTX founder and CEO Sam Bankman-Fried, also known as SBF has clarified that him and his company has no plans to acquire cryptocurrency exchange giant Huobi, contrary to widespread rumours. Tron’s Justin Sun also previously denied similar rumors.


Sam Bankman-Fried made this clarification in a tweet on Monday 29th August 2022. The billionaire cryptopreneur said: “Just to be explicit because apparently a lot of people are saying this: No, we are not planning to acquire Huobi.”


Sam Bankman-Fried’s statement come after it was earlier reported that Huobi CEO, Leon Li is looking to sell his majority stake in the company. This majority stake is reportedly valued between $2 billion to $3 billion. Li was rumoured to be in talks with the FTX CEO, Tron’s founder Justin Sun and some other potential buyers.


However, Justin Sun immediately denied the original Bloomberg report of this rumoured purchase, stating that neither he nor the Tron company has engaged with Huobi over a potential sale. Bankman-Fried also earlier refuted all rumors about acquiring a part or total stake in the investing and trading platform, Robinhood.


Sam Bankman-Fried had also earlier debunked the rumors about purchasing the investing and trading platform Robinhood. Meanwhile, FTX has been heavily involved in some merger and acquisition deals even in the ongoing crypto winter.


It was confirmed that Bithumb’s owner Vidente is currently holding discussions with FTX about possibly selling its stake to the company. In July, BlockFi CEO – Zac Prince – announced that the cryptocurrency lender had “signed definitive agreements” with FTX. This agreement includes an option to purchase BlockFi for up to $240 million.


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