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CoinTurk News 2023-08-07 09:05:35

Huobi’s Stablecoin Reserves Drop Over 30% Following Arrest of Senior Executives

Huobi, the cryptocurrency exchange, saw its stablecoin reserves drop by over 30% following news of the arrest of several senior executives. Data from Nansen, a data platform, shows that users withdrew approximately $44.8 million worth of stablecoins from Huobi last week. $49 Million Worth of Stablecoin Withdrawals from Cryptocurrency Exchange According to Nansen data, Huobi’s stablecoin reserves have dropped by 33% since last week, indicating that investors withdrew approximately $49 million worth of stablecoins from the cryptocurrency exchange amid allegations of the arrest of senior executives. The post Huobi’s Stablecoin Reserves Drop Over 30% Following Arrest of Senior Executives appeared first on COINTURK NEWS.

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