Huobi Exchange Experiences Millions in Outflows Amidst the Layoff Drama
2022 has been difficult for the cryptocurrency industry for various reasons. However, cryptocurrency enthusiasts have been hoping for a brig HT and bullish 2023. 2023 began with less drama. However, Huobi has now been caug HT in the spiral. There were rumors that Huobi planned to lay off hundreds of employees in the coming weeks. Perhaps the rumors have now been confirmed, as the exchange said that it will lay off hundreds of employees in the coming weeks. Ever since the news hit the streets, the TRX token fell by 7.48% in the last 24 hours, followed by Huobi ’s HT token, which also lost 11% during the same period, according to the data from CoinMarketCap. Furthermore, TRON’s stablecoin USDD has depegged and is now trading at $0.9787. Now, according to the latest reports, the exchange is experiencing heavy outflows. Source: Caixin Global Nansen reports reveal heavy outflows as skepticism rises According to the Nansen data, the Huobi exchange is witnes...