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    QONEQT in "FTX Token "

    15-Nov-2022 05:55 AM


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    Former Huobi-linked entity says it has $18.1 million stuck on FTX

    According to a new filing with the Stock Exchange of Hong Kong on Nov. 14, investment holdings company New Huo Technology, formerly known as Huobi Global, has $18.1 million worth of deposits stuck on troubled cryptocurrency exchange FTX.
    Nevertheless, the company wrote: “However, the Board anticipates that the financial performance of the Group might be materially and adversely affected in the event that the Incident is not resolved.
    The news appeared to have stirred investors’ nerves on Twitter after initial confusion surrounding the company’s former name, Huobi Global.
    All ops of Huobi are normal, & we will continue to provide customers with safe & reliable services.”
    Cointelegraph previously reported on Nov. 13 that both Huobi and Gate.io came under fire for allegedly sharing snapshots of reserves using loaned funds.

    Source - Coin Telegraph

    #ftx