Huobi’s co-founder Leon Li is reportedly in negotiations to sell the majority of his shares in the company, which may be worth over $1 billion.
According to Bloomberg, Li reportedly held talks with a number of financiers about selling a 60% stake in the cryptocurrency company, which could be worth more than $1 billion and, according to some, as much as $3 billion.
Without going into specifics, a Huobi representative told Bloomberg that the co-founder is in talks to sell his controlling stake in the cryptocurrency exchange with a number of global juggernauts.
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