The CEO of FTX has officially confirmed the probability of obtaining the cryptocurrency exchange Huobi, details that in the previous has been strongly disseminated by the neighborhood.
In mid-August, rumors circulated that FTX and CEO Sam Bankman-Fried held preliminary talks with Huobi co-founder Leon Li to invest in a bulk stake in the fixed-charge exchange, really worth $ three billion. Furthermore, Tron blockchain founder Justin Sun is also stated to be incredibly interested in this deal.
However, every little thing was “cleared up” on August 29 when the FTX CEO posted a standing line on his private webpage confirming that he and FTX had definitely no intention of acquiring Huobi.
Just to be explicit for the reason that apparently a great deal of individuals are saying this:
No, we have no strategies to get Huobi.
– SBF (@SBF_FTX) August 29, 2022
Immediately following the FTX CEO’s confirmation, the Huobi exchange’s HT token price tag speedily fluctuated wildly, plummeting additional than twelve% from practically $ five.five to all over $ four.eight at the time of the submit.
The motive for HT’s decline is somewhat uncomplicated to comprehend. Because the Huobi neighborhood is really hoping that the most effective “whales” on the marketplace like Mr. Sam Bankman-Fried will open a new “brighter” long term for Huobi following a lengthy series of days of deep crisis above the program of the 12 months. not long ago, the HUSD stablecoin occasion was unexpectedly undermined and the Malaysian government place Huobi on its investor warning listing.
On the contrary, it is not the 1st time that the CEO of FTX has to straight remedy the difficulty of inaccurate rumors. In latest weeks, Sam Bankman-Fried has had at least 3 confirmations of very similar scenarios to Huobi, together with denying the acquisition of the Robinhood platform, dismissing the probability of obtaining mining businesses, tokenizing and merging the Alameda Research fund with FTX Ventures into a single. .
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