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News

Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX

November 14, 2022 - Around 1 mins mins to read
Huobi was once again exposed after it was reported that the exchange still had $18.1 million in crypto that could not be recovered from FTX.
Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX

Reports from intelligence firm Wu Blockchain have stated that Huobi is unable to withdraw funds from FTX, with the total estimated value hovering around $18.1 million.

Continuing the incident, the exchange retweeted information related to the frozen funds.

This information once again made many users concerned about CEX exchanges after the event called FTX. In just a few days, its aftermath has left a serious impact on the market. Cryptocurrency companies, in turn, announced their exposure to the exchange that was once thought to be a competitor to Binance.

Recently, Huobi was also spotted transferring over 10,000 ETH after announcing its asset snapshot.

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

crypto

ETH

FTX

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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Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX

Huobi was once again exposed after it was reported that the exchange still had $18.1 million in crypto that could not be recovered from FTX.
Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX

Reports from intelligence firm Wu Blockchain have stated that Huobi is unable to withdraw funds from FTX, with the total estimated value hovering around $18.1 million.

Continuing the incident, the exchange retweeted information related to the frozen funds.

This information once again made many users concerned about CEX exchanges after the event called FTX. In just a few days, its aftermath has left a serious impact on the market. Cryptocurrency companies, in turn, announced their exposure to the exchange that was once thought to be a competitor to Binance.

Recently, Huobi was also spotted transferring over 10,000 ETH after announcing its asset snapshot.

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