The price of Tron (TRX), the 18th-largest token by market capitalization, tumbled Friday amid tensions at crypto exchange Huobi as the broader crypto market rose. This article originally appeared in C...
Tag: Huobi
Tron Shrinks, USDD Depegs: Huobi drama to be blamed
Justin Sun, the founder of Tron, also sits on the advisory board at Huobi. Huobi announced 20% layoffs and employees to receive salaries in stablecoins. Tron-based USDD lost its peg by 3 cents. Tro...
Crypto Community Believes USDD is Unsafe As Huobi Battles Crisis
The crypto community thinks USDD is unsafe, given some unusual activities. Nansen data says Huobi users cashed over $60.9 million within 24 hours. The figure represents over 64% of its total $94 milli...
Digital Asset Exchange Giant Huobi Plans To Lay Off 20% of Its Staff Amid Ongoing Crypto Winter: Report
The Seychelles-based crypto exchange giant Huobi is reportedly planning to lay off 20% of its staff as the ongoing bear market continues to thrash companies across the industry. Reuters reports that H...
Justin Sun Moves $100M in Stablecoins to Huobi Amid Rush of Withdrawals
Crypto mogul and Tron founder Justin Sun today moved $100 million of his stablecoins to his crypto exchange Huobi after news dropped that it was cutting staff. According to blockchain data from Nanse...
TRON founder Justin Sun moves $100 million as Huobi reportedly lays off staff
TRON founder Justin Sun transferred stablecoins worth $100 million to crypto exchange Huobi following news that it was laying off employees. Huobi would lay off 20% of its staff, as per a report. TRON...
Huobi net outflows crossed over 60M within the past 24 hours: Report
Cryptocurrency exchange Huobi has seen over $94.2 million dollars in net outflows within the past week. Within the past 24 hours alone, approximately $60 million has flowed out of the exchange, accord...
Crypto Exchange Huobi to Lay off 20% of Staff: Report
Crypto exchange Huobi is set to lay off 20% of its staff, per sources reported by Reuters. Justin Sun, a prominent crypto entrepreneur who joined the company as an advisor in October 2022, had denied ...
Justin Sun Transfer $100 Million to Huobi to Boost Confidence
Justin Sun transfers $100 million to Huobi. According to Sun the move would bolster confidence in the exchange. Huobi recorded a net outflow of $60.9 million in 24 hours following FUD. The crypto tyco...
Justin Sun Transfers $100M Stablecoins to Huobi Amid Large Withdrawals
2 hours ago | 2 mins read Exchange News The funds transferred were held in USDT and USDC. Nansen reported that the last 24 hours accounted for $60.9 million. After hearing that the crypto exchange Huo...
Huobi Sees 61 Million In Net Outlows In One Day
Huobi Global sees $60.9 million worth net outflows in just one day. The withdrawals surged after unconfirmed reports of Huobi laying off employees surfaced on social media. Today, Justin Sun confirmed...
Huobi Token Sees $75 Million Leave Platform In Last 24 Hours
Huobi Token (HT) appears to be in a vulnerable state as it continues to deal with the drama that is happening within the Huobi cryptocurrency exchange. While the crypto hiked its trading price by 3.2%...
Can Huobi Token [HT] overcome FUD as exchange outflow exceeds $75M
Huobi Token could lose another round of its already depleted value after the exchange experienced unusual outflows. Exchange director Justin Sun tweeted that the firm was unconcerned with the FUD. Th...
Huobi plans layoffs, sees outflows; SBF seeks to retain his Robinhood shares
The biggest news in the cryptoverse for Jan. 6 saw Huobi announce mass layoffs. Meanwhile, former FTX CEO Sam Bankman-Fried has insisted on controlling his shares of Robinhood. Plus, developments arou...
Huobi confirms 20% layoffs, denies insolvency rumors
Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is abou...
Huobi Plans Staff Layoffs, Rumors of Insolvency Hang in the…
Cryptocurrency exchange Huobi is planning to lay off 20% of its staff amid the crypto market downturn and the fallout from collapsed crypto exchange FTX. In the latest round of all-over cost-cutting a...
Huobi Witnesses $61 Million Net Outflows in 24 Hours
4 hours ago | 2 mins read Exchange News Justin Sun said that 20% of Huobi’s workforce will be terminated. There was a depeg today in Justin Sun’s Tron’s USDD stablecoin. Net withdrawals from Huobi Glo...
Huobi and Gate.io to Layoff Over 20% of Staff
The crypto layoffs continue in 2023, with exchanges like Huobi and Gate.io reportedly laying off their staff. Crypto layoffs were rampant in 2022, fueled by events such as the Terra LUNA and FTX colla...
$100 million in stablecoins transferred to Huobi by Justin Sun
Recently, Justin Sun, the founder of Tron, made headlines when a wallet connected to him transferred $100 million worth of stablecoins to the cryptocurrency exchange Huobi. In an article posted by Th...
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine – Bitcoin News
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South Chi...
Huobi Exchange Turmoil Leading HT Token to Face Repercussions
Chances are there this might not sound usual but a crypto company making its employees accept salary in crypto is not being welcomed. The instance happened with leading crypto exchange Huobi where the...
Huobi sees net ouflows of over $60M in 24 hours
Crypto exchange Huobi saw $94.2 million in net outflows over the last seven days –$60 million (63.8%) of the outflows were recorded in the previous 24 hours — according to Nansen data. DeFillama’s dat...
Justin Sun Confirms Huobi Staff Layoffs As Insolvency Rumors Swell
TRON founder Justin Sun, rumored to be the shadow owner of Huobi Global, has confirmed that the crypto exchange was laying off a significant amount of its workforce. This comes amid several rumors cir...
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion » CryptoNinjas
ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. ...
Huobi Experiences Sudden 64% Spike in USDT, USDC Withdrawal Volume
Nansen data reveals Huobi users have cashed out over $60.9 million within 24 hours. The figure represents over 64% of its total $94 million outflow over seven days. The 24-hour trading volume of Huobi...
What’s Happening Over at Huobi?
Key Takeaways Huobi has confirmed its plans to cut down its workforce by 20%. The exchange is rumored to have also taken down internal communication channels, to be forcing employees to receive their ...
Crypto exchange Huobi to lay off 20% of workforce
The Huobi crypto exchange logo displayed on a smartphone. Nikolas Kokovlis | Nurphoto via Getty Images Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount...
Huobi Token (HT) Price Drops Following the Recent Allegations
5 hours ago | 2 mins read Altcoin News During the previous day, the Huobi token has fallen by nearly 11%. Huobi registered a significant price drop of 29.4% during the month. Huobi Token (HT), the na...
Is Justin Sun’s Huobi Exchange in Trouble? Here’s All That’s Been Happening Recently
Huobi Global has had a rough couple of days recently. Huobi’s exchange token and trading volume have taken a hit after reports that the company is drastically reducing its workforce, forcing workers t...
Wallet associated with Justin Sun moves $100 million to Huobi
A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as...
Tron’s Justin Sun Confirms 20% Layoff at Huobi
In a bid to weather the unprecedented turmoil in the market, Huobi is the latest company to introduce job cuts. The crypto exchange is planning to lay off about 20% of its staff, a move that was confi...
Huobi confirms 20% lay-offs as Justin Sun downplays latest FUD
Cryptocurrency exchange Huobi has confirmed planned layoffs at the company as part of the measures being taken to navigate the tough market conditions. The news comes as the native Huobi Token (HT/USD...