Chinese founder of crypto exchange in talks to sell $3bn majority stake - reports 

Mark Battersby
clock • 1 min read

Chinese crypto exchange founder Leon Li is in talks with investors to sell his majority stake in the Huobi Group at a valuation of up to US$3bn, according to a report by Bloomberg.  He held discussions with financiers, seeking to sell around 60% of the company he founded, according to people familiar with the matter. Tron founder Justin Sun and crypto billionaire Sam Bankman-Fried's FTX are among those who have had preliminary contact with Huobi about a share transfer, the people said. A Huobi spokesman confirmed to Bloomberg that Li is engaging with several international instituti...

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