Is Huobi Exchange a Future Bankrupt?
There is information circulating online about Huobi's insolvency:
Employees of Huobi and Tron have been questioned by the police.
The exchange has only $90 million in liquid assets, while users of the exchange have $631 million in their balances.
The launch of wrapped USDT (stUSDT) by Justin Sun and the introduction of high-yield staking. However, a large portion of stUSDT is held by Sun (98%).
There is almost no USDT on Huobi (except for the wrapped version on the Tron network).
Binance has become aware of the potential issues with Huobi and USDT, and they have started transferring USDT to DAI.
Drop of balances from 700m to 200m for Jul and Aug. Show Less
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