Huobi and under fire for allegedly sharing snapshots using loaned funds

Huobi and under fire for allegedly sharing snapshots using loaned funds

A wallet address linked to the Huobi exchange was found transferring 10,000 ETH to Binance and OKX deposit wallets soon after releasing its asset snapshot. To counter the rising mistrust among crypto investors following the FTX collapse, crypto exchanges unanimously decided to share proof of reserve with the public as a way to showcase legitimacy. However, certain anomalies found during on-chain investigations suggest foul play and market manipulation.Just two days after made its cold storage information public, investigators found that 320,000 Ether (ETH) was sent to on....

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