Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Huobi’s latest audit report on Proof of Reserves has sparked relief among investors as it reveals that the reserves exceed the 100% mark. This means that all funds deposited with the exchange are backed by assets over the amount held in customers’ accounts. In addition, amidst recent panic among investors, over $200 million has been injected into the exchange, providing additional security for its users. As a result, customers can now enjoy greater peace of mind knowing that their funds can be returned if needed.
