Huobi Blames DeFiLlama For Spreading Wrong Data
There have been significant withdrawals from the exchange amid worries that police may be questioning top Huobi executives. Huobi, however, claims that a large portion of the data and figures on the outflows are false.
An unidentified source in Hong Kong made an allegation last week that several of the company’s founders had been detained by the Chinese police and were under investigation. This is when Huobi’s purported problems started.
Huobi has contacted original sources of misinformation regarding the China arrest FUD and reserves the right to take legal action against platforms or individuals with intent to mislead or defame. Huobi’s head of social media, Xie Jiayin, dismissed the false rumor on Twitter, stating that Huobi was prospering. The outflows of capital, leading to the exchange’s insolvency, were attributed to incorrect data.
(With inputs from Shikha Singh)
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