Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX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

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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