FTX has no plans to buy crypto exchange Huobi, says CEO BankmanFried

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.