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.
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Harold
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