FTX is not planning to acquire crypto exchange Huobi, the company’s founder and CEO Sam Bankman-Fried said on Twitter.
Bankman-Fried’s comment follows a recent Bloomberg article naming FTX and Tron founder Justin Sun among a list of investors that have had “preliminary contact” with Huobi as its founder Leon Li looks to sell about 60% of the company.
Li is seeking a $2 billion to $3 billion valuation for the company and has reached out to “several international institutions,” according to Bloomberg.
But following the publication of that report, Bankman-Fried took to Twitter to quash the idea of his firm’s involvement.
“No, we are not planning to acquire Huobi,” Bankman-Fried wrote. “Apparently a lot of people are saying this.”
FTX has recently sought to acquire a series of troubled crypto firms amid crypto winter. For instance, it gave financial services firm BlockFi a multi-million-dollar bailout.
FTX US, the American subsidiary of global crypto exchange FTX, also recently announced that it is acquiring Canadian crypto trading platform Bitvo.
Tron founder Sun issued a similar denial, tweeting that “[w]e have not engaged any matters related to the Bloomberg story at this moment.”
Editor’s Note:Â Updated with a Twitter response from Tron founder Justin Sun.
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