Huobi Token (HT) Dips Hard On Reports of Huobi COO Being Investigated
Summary: There were unconfirmed reports of Huobi’s Chief Operating Officer being investigated by Chinese authorities The news triggered a massive withdrawal of Bitcoin from Huobi Huobi Token (HT) has been hit hard by the news falling by 22% The team at Huobi have stated that such reports are rumors In the last 24 hours or so, the crypto exchange of Huobi has been the subject of discussion amongst several crypto communities as it was reported that the platform’s COO was being investigated by authorities in a manner similar to OKEx‘s founder. Colin Wu went on to explain that assets on Huobi were safe and that the news of an investigation was triggered by Huobi’s executives being unreachable as they traveling on a plane.
Huobi Classifies Reports as Rumors Since news hit the internet of a possible investigation related to a Huobi Executive, the price of Huobi Token has fallen from $4.50 levels to its current price of $3.50. In response to the reports of its COO being investigated by authorities, the team at Huobi Global has classified such news as rumors as seen in the following tweet.
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