The founder of HuobiGlobal is reportedly in talks to sell a majority stake in the company, which would value the firm at as much as $3 billion. By parikshitm899
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.
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