Sam Bankman-Fried denied plans to buy Huobi

The head of FTX, Sam Bankman-Fried, said that his company is not going to acquire the Huobi bitcoin exchange.

"Just,to be frank, because a lot of people are saying this: no, we are not planning to buy Huobi,” wrote Bankman-Fried.

Bloomberg sources reported in August thatplatform co-founder Leon Li is in talks with a group of investors to sell a 58% stake. Among the potential buyers, the head of FTX and the founder of the Tron Foundation, Justin Sun, allegedly appeared.

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According to journalist Colin Wu, the email addresses of all Huobi employees changed from Huobi.com to htx-inc.com last week.

“There are rumors that FTX has completed the acquisition,” Wu noted, adding Bankman-Freed’s rebuttal.

The native Huobi token responded to Bankman-Fried's tweet by falling from above $5 to $4.7.

Sam Bankman-Fried denies plans to buy Huobi

Previously, the media called the Binance and FTX exchangescontenders for the assets of Voyager Digital. According to sources, Coinbase withdrew from the list of potential buyers - its employees came to the conclusion that "the financial performance of [cryptobroker] is not beating."

Let us recall that in May Bankman-Fried promised to spend “billions” to purchase shares in other companies.

In June, FTX opened cryptolandingBlockFi platform revolving credit line for $250 million. A few days earlier, Alameda Research, affiliated with Bankman-Fried, provided Voyager Digital with a loan of $500 million.

Subsequently, the American division of FTX issued another revolving loan to BlockFi for $400 million, receiving an option to acquire the platform for $240 million.

In the same month, the entrepreneur dismissed reports that the bitcoin exchange was considering buying "problem" mining firms.

In August, Bankman-Fried accused the digital asset giants of being indifferent to weakened companies.