Huobi’s founder Li Lin is reportedly looking to sell his stake in the popular crypto exchange.
Huobi is among the largest digital asset trading platforms and was well-positioned within the top three in terms of volume and user base until recently. Wu even said that Huobi was the second-most profitable exchange last year, with over $1 billion in profits.which harmed its revenue massively.
, Huobi joined other crypto exchanges, such as Coinbase, CryptoCom, Bybit, etc., and said it will lay off a significant portion of its employees.Shortly following Wu’s report on Twitter, the crypto community started speculating on who could step up and acquire Lin’s stake in Huobi. Many joked that FTX’s CEO – Sam Bankman-Fried – will be the first to opt in, given the recent
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