• Sam Bankman-Fried clarified via Twitter that no Huobi takeover is planned at FTX
• The rumor was spread by a “source familiar with the subject”.
• It has been confirmed that Huobi’s majority stake will be sold
Bankman-Fried clears up Huobi takeover rumor
“To be very clear, because apparently a lot of people are talking about it: No, we don’t plan to take over Huobi.” – With these words, FTX CEO Sam Bankman-Fried addressed his followers and the press on Twitter at the end of August.
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Just to be explicit because apparently a lot of people are saying this:
No, we are not planning to acquire Huobi.
– SBF (@SBF_FTX) August 29, 2022
Bloomberg first reported on the acquisition in mid-August
The background: In mid-August, the business magazine Bloomberg reported, based on a “source familiar with the subject”, that FTX wanted to take over the crypto platform Huobi and had held initial talks with Huobi founder Leon Li about buying the Huobi majority share. Also part of the Bloomberg report was information that Justin Sun, founder of the TRON network, has also expressed interest in the purchase. Sun denied this to Bloomberg in a text message, FTX refused to comment.
Huobi token down slightly after announcement
However, a Huobi spokesman confirmed to Bloomberg that various potential buyers are actually discussing a possible takeover of the majority of the shares. Huobi is one of the largest crypto platforms in the world, registering $500 million to $1 billion in daily trading volumes in August. In mid-June it was sometimes up to over three billion US dollars. These figures were published by crypto database CoinGecko.
After the Bankman-Frieds clarification at the end of August, the Huobi token fell slightly.
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