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Huobi Founder in Talks to Sell Majority Stake at $3B Valuation: Report

source-logo  coindesk.com 12 August 2022 03:25, UTC

The founder of crypto exchange Huobi, Leon Li, is in talk with investors to sell a majority stake in the company, which would value the firm at $3 billion or more, according to a Bloomberg report on Friday.

Li is looking to sell almost 60% of the firm, and has had preliminary talks with Tron founder Justin Sun and FTX founder Sam Bankman-Fried, the report said, citing people familiar with the matter.

If concluded the deal could be one of the biggest ever in the crypto industry, despite the recent market downturn.

coindesk.com