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.