FTX CEO Sam Bankman-Fried denied the allegations that they would buy Huobi.
SBF announced that FTX has no plans to acquire a majority stake in the Huobi exchange.
Sam Bankman-Fried Denies Allegations
FTX CEO Sam Bankman-Fried took to Twitter to comment on the Huobi allegations. SBF denied Bloomberg’s report that FTX would acquire Huobi.
Previously, the news that Leon Li, one of the founding partners of Huobi, was considering selling his shares in the company for more than $ 1 billion, was reflected in the press.
“We do not plan to acquire Huobi,” the SBF said briefly.
Just to be explicit because apparently a lot of people are saying this:
No, we are not planning to acquire Huobi.
— SBF (@SBF_FTX) August 29, 2022
FTX and Alameda Research have taken important steps to bail out many crypto companies amid the liquidity crisis. On the subject, Fried expressed that he is ready to take the responsibility to save the crypto industry.
“We want to help those within the ecosystem that we can help. We are not interested in hurting anyone. This is a situation that harms the entire ecosystem.”
In June, Alameda offered Voyager Digital a $200 million USDC loan and 15,000 BTC, worth $300 million at the time. The company also gave BlockFi a $250 million loan.
FTX has made significant strides amid the crypto market crash by announcing that it plans to acquire Bitvo, as well as Japan-based Liquid Group and its subsidiaries, as part of its entry into the Canadian market.
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