Huobi
| Trading name | HTX (international) |
| Industry | Cryptocurrency exchange |
| Founded | 2013 |
| Founder(s) | Leon Li (founding era) |
| Website | htx.com |
Huobi is a cryptocurrency exchange group that began as a China-originated trading platform and later operated internationally. The international consumer brand is now HTX.[1]
Ownership transition
In October 2022, press reported that co-founder and controlling shareholder Leon Li sold a controlling stake in Huobi Global to a buyout vehicle managed by About Capital Management.[2][3] Contemporaneous Bloomberg/Yahoo reporting attributed to people familiar with the matter that Justin Sun acquired roughly a 60% shareholding via About Capital for about US$1 billion; Sun publicly denied being the buyer and described an advisory role, while Huobi spokespeople also denied that Sun was the buyer.[4][5]
Sun later appeared in HTX communications as a member of the HTX Global Advisory Board in connection with the 2023 rebrand.[1]
HTX rebrand
On 13 September 2023 at TOKEN2049 in Singapore, Huobi announced that its international brand would rebrand to HTX. Company communications presented Justin Sun as a member of the HTX Global Advisory Board for the unveiling. Operator materials explained “H” for Huobi, “T” for TRON, and “X” for exchange / tenth anniversary symbolism, with slogan framing “HTX, Just Trade It.”[1]
September 2023 security incident
On 25 September 2023 Justin Sun stated on X that HTX had suffered a loss of 5,000 ETH due to a hacker attack, that HTX had covered the losses, and that the platform was operating normally. Decrypt reported the incident with a dollar framing of about US$7.9 million and quoted Sun’s post (which also wrote “$8 million USD” alongside the 5,000 ETH figure).[6]
See also
External links
References
- ↑ 1.0 1.1 1.2 HTX Square: Huobi rebrands to HTX at TOKEN2049 (13 Sep 2023)
- ↑ PR Newswire: Huobi Global's major shareholder completes share sale (7 Oct 2022)
- ↑ Bloomberg: Chinese crypto mogul Li sells stake in exchange firm Huobi (8 Oct 2022)
- ↑ Bloomberg via Times of India: Who is the owner of major exchange Huobi? (Nov 2022)
- ↑ The Block: Justin Sun denies being "real buyer" of Huobi stake (10 Oct 2022)
- ↑ Decrypt: HTX Loses $7.9 Million To Hacker (quoting Sun, 25 Sep 2023)