Huobi Founder Sells Bitcoin Exchange to Hong Kong Investment Firm
According to the post, an agreement has been reached between both parties that will leave “no impact on Huobi’s core operation and business management teams.” . Leon Li Lin, the Chinese founder of Seychelles-based crypto exchange Huobi Global, is selling his controlling stake to a Hong Kong investment firm.
About Capital says in Huobi's blog post that under its control, Huobi “will embrace a series of new international brand promotion and business expansion initiatives including a global strategic advisory board led by leading industry figures, the injection of sufficient capital in margin and risk provision fund, as well as measures to further enhance competitiveness.” . Huobi and that FTX CEO Sam Bankman-Fried and Tron CEO Justin Sun were reportedly having “preliminary talks” with him.
Source
https://t.me/Cash_Blockchain_News
