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Huobi's $500 Million Nightmare: From a Rumor to Alleged Insolvency

Huobi's $500 Million Nightmare: From a Rumor to Alleged Insolvency
Rumors can act as a dangerous weapon, triggering panic and leading to capital flight. The cryptocurrency exchange Huobi learned this the hard way, losing $500 million due to gossip that its leadership had been arrested in China and that the platform was on the verge of bankruptcy.Huobi's TVL Drops by $500 MillionInitial reports of Huobi's troubles emerged on 4 August after the initial news that representatives from the exchange had been arrested in China in relation to investigations involving t... Read More
Posted: Aug 7 2023, 07:09
Author Name: financemagnates
Views: 111024

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