Huobi revealed information about reserves. The exchange holds assets of $ 3.5 billion
Huobi cryptocurrency exchange shared information about the balance of hot and cold wallets. The estimated cost of the platform reserves amounted to $ 3.5 billion.
#Huobi ‘Work Report on Asset Transparency (I)
🔥 #Huobi is acting now to disclose the balance details of our Hot and Cold Wallets and Make This Disclosure a Routine Going Forward Forward.
👇– huobi (@huobiglobal) november 13, 2022
As of November 12, 2022, the exchange kept on balance, including:
- more than 191 million of Huobi Token (HT) own tokens;
- 9.7 billion TRX;
- 820 million USDT;
- 274 Airdrop Phishing 000 ETH;
- 32 000 BTC.
The company promised to publish such reports on a regular basis. According to the statement, the exchange also hired a third -party company for an additional audit of reserves.
Within the framework of the Merkle Tree Proof of Reservs procedure, an independent organization will perform the swap of the exchange wallets and unite them into the tree of Mercla.
Despite the disclosure of information about reserves, HT quotes have collapsed by almost 17%over the past day, according to Coingeco. At the time of writing, the asset is traded near $ 4.4.
Recall, on November 10, the Binance cryptocurrency exchange also revealed information about its reserves.
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