Crypto Exchange Huobi Experiences $60M Token Outflows in a Day: Nansen
Traders may be skeptical about the continued health of Huobi, on-chain data indicates.The exchange, which saw turbulent trading in the Asia hours for its HT token after it confirmed a 20% headcount reduction.
Nansen notes that the highest outflows came from stablecoins USDT, USDC and ether (ETH) wallets that had high balances. Meanwhile, Justin Sun, who sits on Huobi's advisory board, sent $100 million to the exchange. On-chain research house Look On Chain said wallets historically tagged to Sun withdrew $100 million in USDC and USDT from Binance.
Source
https://t.me/InvestmentTradingUpdates
