Huobi Might Get a New Owner, FTX Among Potential Buyers - Report
Huobi Group founder Leon Li is in talks to sell his roughly 60% stake in this major crypto exchange, while Tron (TRX) founder Justin Sun and Sam Bankman-Fried’s FTX exchange are being mentioned among those who’ve had preliminary contact with Huobi.
In the deal, which could be completed as soon as the end of this month, Li is seeking a valuation of between USD 2bn - USD 3bn, meaning a sale could fetch upwards of USD 1bn, Bloomberg reported, citing undisclosed "people familiar with the matter."
A Huobi spokesperson confirmed that the talks are ongoing, while an FTX spokesperson declined to comment, and Sun told Bloomberg that he hasn’t had any negotiations with Li about a sale.
Celsius creditors want to block the bankrupt crypto lender from selling mined bitcoin (BTC) reserves – and have labeled the firm’s CEO previous attempts to reassure them as “empty and false.”
The company is filing for bankruptcy in New York, where the case is now being heard. But in a letter to the court, the creditors’ lawyers wrote that the plan to sell mined tokens had “not [been] described in any depth.”
While the creditors did not claim that they were totally opposed to the idea of a sale, they claimed that they needed more information about the nature of the sale – and how the funds from the sale would be used.
They called for “boundaries and transparency” from Celsius and asked the court to “condition its approval” of the proposed sale.
Celsius’ own filings to the court explained that the company’s mining subsidiary (which filed for bankruptcy the day after its parent company) owns more than 80,500 mining rigs, which are worth some USD 750m.