️ Information about Huobi's insolvency has started to spread online:. - Huobi and Tron employees have been questioned by police.
11 Aug 2023, 13:57
⛔️ Information about Huobi's insolvency has started to spread online:
- Huobi and Tron employees have been questioned by police.
- The exchange has only $90 million in liquid assets, out of $631 million on its balance sheets.
- Justin Sun's launch of wrapped USDT (stUSDT) and the launch of high yield steaking. With the majority of stUSDT in San's hands (98%).
- USDT is virtually non-existent on Huobi (except for the wrapped Tron network).
- Very suspicious balance shifts on Huobi.