Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company

Reports that Huobi is dramatically cutting headcount, requiring employees to take their salaries in stablecoins, and closing internal staff communication channels to quell a rebellion have taken a toll on its exchange token and trading volume.during the last 24 hours, to $4.67 as of morning East Asia time. The token is down nearly 30% over the past month.

During the last 24 hours, the measurement of normalized volume at the exchange is down 23% to $395 million from $510 million.

HuobiGlobal thesamreynolds Waiting when justin sun ask Justin sun for help 🤣

HuobiGlobal thesamreynolds Oh no, another exchange token is dumping...

HuobiGlobal thesamreynolds CryptoChihiro be careful

HuobiGlobal thesamreynolds Wtf, I‘m just now learning that Sun bought Huobi. RIP. They were a very decent exchange back in the early days before the initial CCP crackdown. Would have a dominant position today for certain if that never happened.

HuobiGlobal thesamreynolds Sun 🤷‍♂️

HuobiGlobal thesamreynolds People still hold exchange tokens? 😂

HuobiGlobal thesamreynolds Sun luôn là một kẻ ngạo mạn và cơ hội..một ngày không xa cũng sẽ như Sam mà thôi

HuobiGlobal thesamreynolds It's always sad to hear about layoffs, especially in the crypto space. Let's hope huobiglobal sorts things out and grows their token. DeFi is making great progress and its encouraging to see.

HuobiGlobal thesamreynolds justinsuntron

HuobiGlobal thesamreynolds CryptoCapo_ A domino effect on $TRX ?

HuobiGlobal thesamreynolds We’re so early still

HuobiGlobal thesamreynolds TyHoov you picked a heck of a time lol.

HuobiGlobal thesamreynolds WITHDRAW YOUR MONEY FROM HUOBI, WHILE YOU STILL CAN

HuobiGlobal thesamreynolds More to come during a global recession

HuobiGlobal thesamreynolds

HuobiGlobal thesamreynolds This guy is the other SBF... One of the biggest manipulators in the market.

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Source: CoinDesk - 🏆 291. / 63 Read more »