Lithosphere (LITHO) Developer Makes $1.2 Billion Bid to Acquire Majority Stake in Huobi Global Cryptocurrency Exchange

Seattle, Washington–(Newsfile Corp. – September 6, 2022) – KaJ Laboratoriesleading blockchain developer Lithosphere, has announced its offer to acquire a 60% majority stake in crypto exchange Huobi Global Limited.

If accepted, KaJ Labs is ready to proceed quickly with the acquisition. KaJ Labs will have exclusive negotiating rights and will be notified of any other parties making offers. If the two entities fail to reach an agreement, the LOI will expire within 60 days, no later than 5:00 p.m. Eastern Daylight Time on September 15, 2022.

Founded in 2017 by Founder and Chief Scientist, Joel Kasr, KaJ Labs is a decentralized research organization focused on artificial intelligence (AI) and blockchain technology. KaJ Labs designs products that support research and development teams who aim to build the next generation of the Internet of Value (IoV).

KaJ Labs is the core team building the novel AI Blockchain Lithosphere and a digital asset institution. The company’s activities cover software R&D, institution-driven trading, custody capabilities and many more. The company plans to accelerate the implementation of its new Lithosphere network and a Huobi Global deal could facilitate this goal.

Lithosphere Network

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Huobi Global Limited is a global financial services provider of blockchain assets, including exchange, trading, wallet and storage, founded by Leon Li. Based in the Republic of Seychelles, Huobi Global is one of the largest crypto exchanges in the world, recording a daily trading volume of over $1 billion. A Huobi deal could represent the crypto industry’s biggest sale yet.

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About KaJ Labs

KaJ Labs is a decentralized research organization focused on AI and blockchain technology. We are committed to creating innovative products that work for the greater good around the world.

About the lithosphere

Lithosphere is the next-generation network for cross-chain applications powered by AI and Deep Learning.

Media inquiries
Catherine Sander
Phone: (707)-622-6168
Email: [email protected]
KaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105
Website: https://kajlabs.org

Website: https://lithosphere.network

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135954

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