Cody McGrath 
After Bankman-tweet, Fried’s price of Huobi native token, HT, fell by about 6%. He also denies any allegations concerning Huobi’s acquisition.
In a tweet on Monday morning, FTX CEO Sam Bankman-Fried said that the cryptocurrency exchange had no plans to buy Huobi, which CoinGecko says is one of the world’s largest with a daily trading volume of over $1 billion.
People thought that FTX and Bankman-Fried, who have helped troubled crypto companies like BlockFi and Voyager and could eventually buy both of them, were planning to buy Huobi, which is based in Seychelles.
Bloomberg said in the middle of August that FTX had started talking with Huobi’s founder Leon Li about buying a majority stake in Huobi, which would put the company’s value at $3 billion or more. The report said that a deal could be made as soon as the end of this month and that Justin Sun, who started the Tron blockchain network, was also interested in bidding on the stake. Sun said he didn’t care about a tweet.
FTX bought the Japanese exchange Liquid and agreed to buy the Canadian trading platform Bitvo early this year.
After Bankman-tweet, Fried’s price of Huobi’s native token, HT, fell by about 6%.