Bitcoin

Huobi Token

On Twitter, Justin Sun advised followers to disregard insolvency rumors and focus on progress. He didn’t address Chinese investigations.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4c82dba5cc5f4e76a8c59585594d3cd2.gif" />During the weekend of August 5-6, Huobi, a crypto exchange, experienced significant outflows totaling $64 million due to rumors about Chinese authorities investigating its executives and concerns about potential insolvency.As a consequence of these rumors, the <a href="https://cryptosheadlines.com/defi-powerhouse-blur-sets-new-record-with-all-time-high-total-value-locked/" rel="noopener noreferrer nofollow">total value locked</a> (TVL) on the exchange declined significantly, going from $3.09 billion last month to $2.5 billion.The rumors suggested that the exchange’s leaders were arrested in China on August 4, supposedly due to an investigation connected to their association with gambling platforms. <a href="https://cryptosheadlines.com/justin-sun-clears-huobi-insolvency-rumors/" rel="noopener noreferrer nofollow"> Read More...</a>

Justin Sun Clears Huobi Insolvency Rumors

CryptosHeadlines.com

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