Huobi Subsidiary Fails to Withdraw Crypto Assets Worth Over $18M from FTX
Published on Nov 15, 2022
https://cb.run/aNT7 Huobi Subsidiary Fails to Withdraw Crypto Assets Worth Over $18M from FTXThe stunning FTX collapse has sent shockwaves down the crypto market. The latest firm to fall victim is Huobi’s brokerage subsidiary, Hbit Limited. The Hong Kong-based company has revealed that it is unable to withdraw $18.1 million worth of cryptocurrencies deposited in FTX. Out of the total funds stuck in FTX, $13.2 million are the client’s assets based on their trading requests, while the rest, $4.9 million, belongs to Hbit.
The official announcement stated that the company will engage with a legal adviser to recover the digital assets and carry out appropriate steps to “liaise” with the bankrupt cryptocurrency exchange....
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