According to Bloomberg and with reference to its sources surrounded by the owner of the Huobi crypto exchange, negotiations are underway to sell Leon Lee’s stake in Huobi for $3 billion. The group of investors involved in the potential purchase of Lee’s stake includes TRON owners Justin Sun and FTX Sam Bankman-Fried. Details about the course of negotiations and interim results are still unknown at the moment.
The deal may take place presumably at the end of the summer of this year due to rumors about Leon Lee’s health problems.
Earlier, Huobi announced the termination of its mining business in China and the reduction of functionality for trading. This decision was made due to market changes and the desire of the crypto exchange to protect the interests of its customers while crypto products, futures contracts and loans were restricted.
In parallel with the news about Huobi, rumors are growing in the info space about the departure of the OKEx crypto exchange from China.