Earlier rumors surfaced on Monday that Huobi's CEO had been arrested in China. Representatives of the exchange denied this, but Huobi is still seeing huge amounts of money flow from the floor, along with the miserably low price of the Huobi Token (HT).
After the arrest of the OKEx founder, which resulted in more than 200.000 BTC in "I don't know what to do" because this character was the only one holding the keys to the withdrawal, investors were more wary of holding the money. In central exchanges.
Huobi was the next spotlight after the arrest of rumors concerning a senior executive at the exchange. Immediately spread this news at breakneck speed, creating a huge wave of withdrawals on the product.
According to data from cryptocurrency, Huobi has seen tremendous movement in Bitcoin over the past day, with Bitcoin's net flow reaching 4.241 BTC and growing rapidly.
Cryptocurrency and blockchain tracking service Whale Alert posted a number of tweets, adding that some transactions amounting to nearly US $100 million have been transferred from Huobi to Bitfinex.
But without stopping there, the rumors led to a fall in the price of Huobi Token (HT), falling by 16% in less than 24 hours. HT is currently trading at 3.65 USD.
Bitcoin exit and Tether entry in large quantities to and from Hubei platform what are the reasons for this?
I think the users of the product afraid of repeating the scenario of the trading platform (okex)
Which temporarily shut down its operations after revelations of security investigations with one of the platform's founders.
Therefore, users want to flee their currencies from the platform for fear that withdrawals will be blocked in the “Huobi " platform as well.
In a tweet published on November 2, the “Huobi” platform said that rumors about the arrest of a senior executive of “Huobi” by local officials are false .
The company said:
All members of Huobi's management team have been accounted for and none of them have been arrested.
We understand that the spread of false information can lead to concerns about the safety of digital currency users, but please make sure that all the financial assets safe.
So, dear reader, What do you think is the reason for this?
