Speculation on Twitter that cryptocurrency exchange Huobi has laid off staff and cut off internal communications prompted the community to advise users to withdraw their funds. Even if a stock exchange adviser has denied the rumors.
In a Jan. 5 tweet, Justin Sun, an advisor to Huobi, discussed the rumors of an alleged insolvency. Stating that the exchange’s business performance has been “good” and that “the security of users’ assets will always be fully protected”.
Sun also appeared to dismiss speculation about disgruntled staff, saying Huobi “will fully comply with the legal demands of local employees.”