Huobi founder Leon Li is reportedly seeking to sell most of his stakes in the exchange. This deal can be valued at around $3 billion making it the largest buyout in the crypto market history.
According to Bloomberg’s report, Huobi’s chief had multiple dialogues with financiers. He is seeking to sell around 60% of the Huobi Shares. However, Sam Bankman-Fried’s FTX and Tron founder Justin Sun are reportedly in the race to grab this opportunity. They have been in preliminary contact with Huobi regarding the share transfer.
A Huobi spokesperson gave out the confirmation regarding the deal. However, he declined to give specific details.