Huobi Says Ignore the FUD as Reports Filter in of Trouble at the Crypto Exchange

Reports have filtered out from Hong Kong that some executives at crypto exchange Huobi have been placed under arrest. At the same time, corresponding reports indicate that Houbi has seen an outflow of funds that are valued at over $500 million.

In the past 24 hours, Huobi, one of the largest crypto exchanges in the world, has countered the negative news by calling it FUD.

In a blog post, Huobi said its “platform is operating as usual, as it should, and as it will” as it nears its ten year anniversary of operation.

Huobi states:

“Every year, the social media sitcom either declared #Huobi “dead” or Huobi personnel “caught,” this year is no different. While it saddens our heart to see part of our industry warm-bedding such bias, gloat, and sometimes hatred, we believe in the greater light and thus must stand firmer and more fiercely confront and defend ourselves and our industry against all the senseless accusations and defamations. We understand the road ahead is winding, but we are more determined than ever, because the industry need(s) people like us, people who believe in their mission in the blockchain space and stick to BUIDLing it no matter what. Say no to FUD, help each other, and always use our own judgement. Sometimes, some men just want to watch the world burn. To those folks, we say, we are different.”

Huobi did not address the reports of arrests in the blog post.

Meanwhile, some are claiming there is more to the worries than good old FUD.

In a series of Tweets (Xs) Cochran warned Huobi users they are going to “get badly wrecked when it comes crashing down.”

Tron creator and Huobi “advisor” Justin Sun said to ignore the claims, as some pull their funds.




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