@d12321 6 August 2023

Is Huobi exchange insolvent? USDT end? 😱 Adam Cochran, an experienced business development leader for many crypto projects, shared his thoughts on Tether (USDT) and Huobi. 👀 Briefly about the main thing: 1. Huobi executives are summoned for questioning by the police. 2. Suspicious changes in Huobi balances and the launch of stUSDT under the supervision of Justin Sun. 3. Crypto exchange Binance was the first to identify such risks. 4. Justin Sun makes false claims. Approximately 98% of all stUSDT tokens are in his possession. 5. Huobi has assets of only $90 million, while exchange users have more than $631 million. 6. Crypto exchange will not be able to resist the mass withdrawal of funds. 7. CZ from Binance found out about everything and began to massively exchange USDT for DAI, which caused the USDT rate to lose its peg to $1. Justin Sun responded with a 4 (like CZ does on FUD) and a Houbi rep replied that it was just a rumor. Rumor or truth?