Tether USDt

<ul><li>Huobi experienced a $64 million outflow over the weekend of 5-6 August, leading to concerns about its financial stability.</li><li>Rumors suggest some Huobi executives were arrested in China due to alleged links with gambling platforms.</li><li>Fintech executive Adam Cochran highlighted inconsistencies in Huobi&#39;s Tether holdings, raising potential insolvency concerns.</li></ul>Huobi, a leading cryptocurrency exchange, has been caught up in a storm of controversy amid rumors of insolvency and investigations into its executives by Chinese authorities. Over the weekend of 5-6 August, the exchange saw a substantial <a href="https://defillama.com/protocol/huobi?usdInflows&#61;true&amp;twitter&#61;false&amp;groupBy&#61;daily" rel="noopener noreferrer nofollow">outflow</a> of $64 million, resulting in a decrease in the total value locked (TVL) on the platform from $3.09 billion in July to $2.5 billion.Rumors began to circulate on August 4, <a href="https://hk.investing.com/news/economic-indicators/article-366758" rel="noopener noreferrer nofollow">suggesting</a> that Huobi&#39;s leadership had been arrested in China, allegedly in connection with an investigation into the exchange&#39;s links with gambling platforms. Later, Adam Cochran, a fintech executive and angel investor, voiced concerns about Huobi&#39;s financial stability in a series of tweets.Cochran highlighted inconsistencies in the exchange&#39;s Tether (USDT) holdings, suggesting potential insolvency, stating:Read full article at <a href="https://cryptotale.org/huobi-exchange-under-fire-amidst-insolvency-rumors-and-regulatory-challenges/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Huobi Exchange Under Fire Amidst Insolvency Rumors and Regulatory Challenges

CryptoTale

Other articles published on Aug 7, 2023

$LPT Price Went Up 47.96% Over the Last 24 Hours

Blockstream CEO Bets on $100K Bitcoin Before 2024 Halving

What’s Next for Bitcoin Cash (BCH) After Its Eventual Fall?

social media engagement burning

Cryptocurrency Data Platform Coinecko Publishes Altcoins Considered by SEC as Securities!

OPNX Launches Bid To Acquire 75% Of Crypto Lender Hodlnaut

Join our free newsletter for daily crypto updates!