CoinDesk - Unknown

Data Shows Huobi Suffers $60M Token Outflows in a Day, Huobi Announces Major Layoffs

The most valuable crypto stories for Friday, January 6, 2023.

January 6, 2023
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

This episode is sponsored by the Galaxy Brains Podcast.

Crypto exchange Huobi saw turbulent trading in its HT token during Asian daytime hours after it confirmed a 20% staff reduction. The exchange has experienced outflows of $64 million in the past 24 hours, according to Nansen. "The Hash" group shares their hot takes on Huobi's latest development and other top stories of the day.

See also:

This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”