Bloomberg reports Sam Bankman-Fried and Justin Sun are interested in buying Huobi

Huobi co-founder Leon Li is in talks with a group of investors to sell a 58% stake. GradeBitcoin exchange is between $2 billion and $3 billion, according to people familiar with Bloomberg.

According to the publication, potential buyers include the founder of the Tron Foundation Justin Sun and the founder of FTX and Alameda Research Sam Bankman-Fried.

The deal could close as early as the end of August. Major shareholders ZhenFund and Sequoia China were briefed on ongoing negotiations at their shareholders' meeting in July.

A spokesperson for the platform confirmed the pending deal, but declined to reveal details. FTX declined to comment, and Justin Sun denied any talks with Lee.

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The agency found it difficult to answer the questionwill it fall into the transaction outline   Huobi Technology Holdings registered in Hong Kong. The firm manages digital assets for professional investors and is licensed by the local securities regulator.

Let us recall that in September 2021, amid a new wave of repression from Beijing, Huobi stopped registering new users in mainland China. 

A month later, Huobi finally curtailed trading in futures and other crypto derivatives in China.

In 2022, Huobi received permits to operate in a number of jurisdictions, including Dubai, Gibraltar, the United States, and New Zealand. In the summer, the company closed its representative office in Thailand after the license was revoked by the authorities.

In June, the media reported on Huobi's plans to cut its staff by 30%.

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