It was learned that Hong Kong-based digital asset company Hbit Limited could not withdraw $ 18.2 million in FTX due to FTX’s bankruptcy filing.
Regarding its subsidiary, New Huo Technologies Holdings Limited said in an announcement to shareholders that $13.2 million of the money was held by customers, and $4.9 million was in Hbit assets.
Hbit Limited’s $18M Remains in FTX
FTX’s announcement of bankruptcy also severely impacted other cryptocurrency stakeholders that the cryptocurrency exchange invested in and that kept their assets in FTX. In this context, it was said that Hbit Limited could not withdraw its assets of $ 18.2 million.
Regarding its subsidiary, New Huo Technologies Holdings Limited said in an announcement to shareholders that $13.2 million of the money was Hbit assets, with the remaining $4.9 million remaining from trading requests to customers.
The company statement said:
“Cryptocurrency assets cannot be withdrawn from FTX as FTX group entities, including FTX, filed for bankruptcy protection in the United States on November 11, 2022.”
The collapse of the FTX crypto exchange shocked the crypto industry. FTX’s shortage has caused the cryptocurrency market to be upside down and the crypto community to worry about how the entire industry will be affected.
Crypto exchange Cryptocom said it has $10 million in exposure to FTX, and Genesis, a trading firm, said it has $175 million in locked funds in its FTX trading account. Apart from these companies, it is known that there are companies that have problems due to the latest situation of FTX.
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