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News

Huobi Detected Transferring Over 10,000 ETH After Releasing Its Asset Snapshot

November 13, 2022 - Around 1 mins mins to read
Soon after the Huobi exchange released its asset snapshot, a wallet address connected to the Huobi exchange was discovered, transferring 10,000 ETH to Binance and OKX deposit wallets.
Huobi Detected Transferring Over 10,000 ETH After Releasing Its Asset Snapshot

The cryptocurrency community believes the exchange is trying to manipulate. Soon after it released its asset snapshot, a wallet address connected to the exchange was seen moving 10,000 ETH to Binance and OKX deposit wallets.

Wu Blockchain drew attention to the transactions on Etherscan as evidence that Huobi had shown 14,858 ETH in its most recent snapshot, however at the time of writing, that number had dropped to 600 ETH.

image 1047
Source: Etherscan

Huobi has not yet responded publicly to the allegations made by the cryptocurrency community, Coincu will keep you updated as more details emerge.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Huobi Detected Transferring Over 10,000 ETH After Releasing Its Asset Snapshot

Soon after the Huobi exchange released its asset snapshot, a wallet address connected to the Huobi exchange was discovered, transferring 10,000 ETH to Binance and OKX deposit wallets.
Huobi Detected Transferring Over 10,000 ETH After Releasing Its Asset Snapshot

The cryptocurrency community believes the exchange is trying to manipulate. Soon after it released its asset snapshot, a wallet address connected to the exchange was seen moving 10,000 ETH to Binance and OKX deposit wallets.

Wu Blockchain drew attention to the transactions on Etherscan as evidence that Huobi had shown 14,858 ETH in its most recent snapshot, however at the time of writing, that number had dropped to 600 ETH.

image 1047
Source: Etherscan

Huobi has not yet responded publicly to the allegations made by the cryptocurrency community, Coincu will keep you updated as more details emerge.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News