IS HUOBI GOING BANKRUPT ???
Updated: Jun 8
- ON-CHAIN ANALYSIS
- INTERNAL COMMUNICATION SHUT DOWN
- EMPLOYEE LAYOFFS
- NATIVE TOKEN PRICE DIP
Official Website: https://www.huobi.com/en-us/
20% LAY OFF RATIO
SOURCE CNBC: https://www.cnbc.com/2023/01/06/crypto-exchange-huobi-to-lay-off-20percent-of-workforce.html
As per Justin Sun who is the advisor of Huobi, the company now has 1100 staff.
Source:
The company intends to lay off 20% of the workforce to cut costs in the crypto bear market.
HUOBI TOKEN PERFORMANCE
Unnecessary FUD and planned layoffs directly impacted the Huobi token's price. A FUD-fueled steep drop can be witnessed as the native token dropped by 30% over the course of 30 days. Quote from one of Justin's tweets "Ignore FUD and keep building".
https://twitter.com/justinsuntron
INTERNAL COMMUNICATION SHUTDOWN
ON-CHAIN ANALYSIS
STABLECOIN NET FLOW, TIMELINE: 24 HOURS
NET CHANGES
FLOW OF STABLECOIN ,TIMELINE:1 YEAR
NET FLOW OF STABLECOIN, TIMELINE: 1 YEAR
The volume of stablecoin being withdrawn from the exchange is greater than the volume deposited. This indicates Houbi's finances are in distress. Will Huobi share the same fate as the other fallen giants?
MERKLE TREE PROOF OF RESERVE AUDIT
LIST OF CRYPTO ASSET AND VALUE