Recently, Huobi is on the news and there are rumours about its solvency after the outflows worth $64 million between Aug. 5-6 amid and their executives being investigated by the Chinese authorities. Outflows over the weekend lead to the fall of the exchange’s TVL from $3.09 bullion on July 6 to $2.5 billion currently.
At the same time there has been a rumour that Huobi sent a memo to their employees that translates to “"1. There is a notice, 2. Even though Justin will embezzle the funds, Justin has vast personal wealth compared to Huobi. So there won't be a bank run"
GET YOUR FUND OFF EXCHANGES GUYS!!!
Source: https://twitter.com/adamscochran/status/1688282010828107777?t=43MGNL_aeuLY1w0DAPY-GA&s=19
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