Report: Huobi founder is looking to sell his stake and exit the company
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Report: Huobi founder is looking to sell his stake and exit the company
claim a report Talk that Li Lin aims to exit the company he helped found years ago.
CEO Lee owns a majority stake in Huobi, with more than 50%.
A well-known Twitter account on the “Wu Blockchain” cryptocurrency reported that Lee decided to liquidate his largest stake in the cryptocurrency exchange, stating that he currently owns more than 50% of the shares.
Huobi is among the largest cryptocurrency exchanges and has held a good position in the top three in terms of volume and user base until recently.
He told Wu Blockchain that Huobi was the second most profitable trading platform last year, with profits of more than $1 billion.
But the company faced severe problems and regulations last year by the Chinese government, which severely damaged its revenues.
Market-wide corrections in the past eight months haven’t helped.
Huobi joined other digital currency exchange platforms, such as Coinbase, CryptoCom and Bybit, and said it would lay off a large part of its employees.
According to Wu Blockchain, the Sequoia Chinese subsidiary is the second largest shareholder in the company after Li Lin.
Soon after the Wu Blockchain report on Twitter, the crypto community began speculating who could go up and take Li Lin’s stake in Huobi.
Some followers, which seems to be more of a joke than a joke, have told the fact that FTX CEO Sam Bankman Fried will be the first to choose to participate in the company, given the recent shopping spree that he and his company started in which he acquired several companies in the field of crito and blockchain.Read:The SEC accuses the Dropil crypto project of fraud… Details here
Facebook begins testing NFT Ethereum and Polygon in user profiles
The CEO of Binance stated: Crypto winter is a buying opportunity
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time