Huobi | ForkLog

ForkLog 5 03.08.2023

Justin Sun admits Huobi is loss-making

Over the last four quarters, Huobi has not shown net profit, but expects to reach break-even in October–December. The Block reported this, citing Justin Sun.

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ForkLog 9 03.07.2023

Huobi allowed a user-data leak for two years

The cryptocurrency exchange Huobi has remedied a data leak that, it is reported, jeopardised users’ assets since June 2021.

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ForkLog 16 29.05.2023

Huobi applies for licence to operate crypto exchange in Hong Kong

On May 29, the Huobi cryptocurrency exchange submitted an application to the Securities and Futures Commission of Hong Kong for a licence to organise spot trading of digital assets for retail and institutional investors.

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ForkLog 13 22.05.2023

Malaysian regulator says Huobi lacks authorization to operate in the country

The Malaysian Securities Commission (SC) announced enforcement action against Huobi for operating a digital asset exchange without registration.

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ForkLog 11 17.05.2023

Justin Sun accuses Huobi founder Li Lin’s brother Li Wei of selling ‘free’ HT

Li Wei, Li Lin's brother, received millions of HT tokens for free in the initial distribution for subsequent sale, without justification, Justin Sun said.

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ForkLog 7 17.04.2023

In the first quarter, Huobi burned 827,226 HT

Huobi burned 827,226 HT tokens in Q1 2023. Since the mechanism's activation on April 15, the cumulative total of burned tokens stood at 296,989,226.

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ForkLog 16 10.04.2023

Huobi reports $150 million revenue for Q1 2023

In the first quarter of 2023, Huobi's revenue stood at $150 million against expenses of $120 million. This was disclosed by Justin Sun, founder of Tron.

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ForkLog 6 06.04.2023

Binance rejects Justin Sun’s bid to buy Huobi stake

The cryptocurrency exchange Binance rejected founder Justin Sun's offer to buy his stake in Huobi, according to sources cited by CoinDesk.

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ForkLog 8 05.04.2023

Huobi and Gala Games devise compensation plan for victims of the GALA incident

The Huobi exchange and the P2E project Gala Games will reimburse victims of the pGALA incident.

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ForkLog 7 03.04.2023

Justin Sun denies reports of stake sale in Huobi

Tron founder Justin Sun called the report of selling a stake in the cryptocurrency exchange Huobi an 'April Fool's prank'. Bloomberg had previously reported this, citing a source.

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ForkLog 8 31.03.2023

Huobi seals strategic partnership with Gala Games

The cryptocurrency exchange Huobi announced a strategic partnership with Gala Games, a P2E project, to work on Web3 initiatives.

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ForkLog 1 10.03.2023

Justin Sun Sets Up $100m Liquidity Fund for Huobi After HT Crash

On March 10, the price of Huobi token HT suddenly plunged from $4.60 to $0.30 on the platform. In a few minutes the decline amounted to more than 93%.

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