FTX has no plans to buy crypto exchange Huobi, says CEO Bankman-Fried.FTX is not planning to acquire crypto exchange Huobi, the company's founder and CEO Sam Bankman-Fried
said on Twitter.
Bankman-Fried's comment follows a
recent Bloomberg article naming FTX and Tron founder Justin Sun among a list of investors that have had "preliminary contact" with Huobi as its founder Leon Li looks to sell about 60% of the company.
Li is seeking a $2 billion to $3 billion valuation for the company and has reached out to "several international institutions," according to Bloomberg.
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