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

FTX founder and CEO Sam Bankman-Fried, also called SBF, clarified that there aren’t any plans to amass cryptocurrency change big Huobi, opposite to earlier studies.

Beforehand, TRON’s Justin Solar additionally denied comparable rumors.

  • Sam Bankman-Fried made the clarification in a tweet on Monday (August 29, 2022). In accordance with the billionaire:

“Simply to be express as a result of apparently lots of people are saying this: No, we aren’t planning to amass Huobi.”

  • SBF’s assertion follows earlier studies that Huobi boss Leon Li is trying to promote his majority stake within the platform, reportedly valued between $2 billion to $3 billion. Li mentioned to be in talks with the FTX CEO, TRON founder Justin Solar, and different potential patrons.
  • Nevertheless, Solar instantly denied the unique Bloomberg report, stating that neither he nor the corporate has engaged with Huobi.
  • Bankman-Fried additionally earlier refuted rumors about buying investing and buying and selling platform Robinhood.
  • In the meantime, FTX has been concerned in merger and acquisition offers amid the continued crypto winter.
  • As beforehand reported by CryptoPotato, it was confirmed that Bithumb proprietor Vidente is holding discussions with FTX about probably promoting its stake to SBF’s firm.
  • In July, BlockFi CEO Zac Prince introduced that the cryptocurrency lender “signed definitive agreements” with FTX, which incorporates an choice to buy BlockFi for as much as $240 million.

Binance Free $100 (Unique): Use this hyperlink to register and obtain $100 free and 10% off charges on Binance Futures first month (phrases).

PrimeXBT Particular Provide: Use this hyperlink to register & enter POTATO50 code to obtain as much as $7,000 in your deposits.

The Genius of Peloton’s Deal With Amazon Comes All the way down to this 1 Neglected Element

Singapore Considers Stricter Guidelines for Retail Crypto Buyers — Regulator Says Cryptocurrencies Are ‘Extremely Hazardous’