A new report claims that Huobi founder Li Lin is aiming to leave the company he helped years ago. The executives hold more than 50% of Huobi’s shares.
Blockchain journalist Colin Wu took to Twitter to inform that Lin had decided to sell most of his stake in the cryptocurrency exchange. stating that he “Currently holding more than 50%”
Huobi is one of the largest digital asset trading platforms and is well positioned in the top three in terms of volume and user base.
Wu also said that Huobi was the second most profitable exchange last year. With a profit of more than $1 billion
However, the company faced serious trouble last year when China’s crackdown.forced to move out which caused enormous damage to the company’s income
and according toreport Previously, Huobi was preparing to lay off employees, along with other crypto companies such as Coinbase, CryptoCom, Bybit, and others.
After Wu’s report on Twitter was released, the crypto community began to speculate on who could step up and buy Lin’s stake in Huobi, with many joking that FTX’s CEO – Sam Bankman-Fried – would be a First person to join Because now it’s fun to shop for companies.
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