More than 400 million USDT was transferred to Huobi exchange in a number of hrs


Last evening, inside a number of hrs, additional than 400 million Tether (USDT) was transferred to Huobi exchange.

Whale Alert, a device that tracks large-worth transactions, has alerted 3 transactions that have transferred big quantities of dollars to the Huobi exchange. Interestingly, the two transactions totaling $304 million had been sent from the exact same wallet deal with. These transactions use the TRON network. The initial transaction was well worth $a hundred million and the 2nd transaction was well worth $204 million.

The third transaction, recognized as getting sent from Bitfinex to Huobi, was well worth about $a hundred million. The complete worth of these 3 transactions is $404 million.

As quickly as these transactions had been identified, a rumor spread. Specifically, there have been rumors that Huobi’s COO has been arrested and is underneath investigation. This rumor has created the Asian trading local community bewildered and anxious.

But really rapidly, Huobi reacted to the rumor and reassured end users. This exchange mentioned

All Huobi board members have been accounted for and have not been detained or arrested.

We realize that spreading misinformation can lead to worries about the security of consumer assets, but rest assured your assets are protected.

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