Huobi Global has released a transparency report to reassure users that their funds remain safe.
Binance released a list of cold wallets and reserves on November 10, revealing $69 billion in crypto reserves. Since then, crypto exchanges around the world have been working on issuing proof of reserve to users to ensure their funds are not diverted to other investments. Like Binance, Crypto.com also shared some of its holdings. Another step came from Huobi.
Transparency Report from Huobi Global
In the transparent asset report published by Huobi Global, it is stated that the total estimated value of the reserves is $ 3.5 billion.
According to the published report, as of 12 November 2022;
- 191.84 million Huobi native tokens HT (worth $900M) on Huobi Global,
- 9.7 billion TRX,
- 820 million USDT,
- 274,000 Ethereal (ETH),
- There are 32,000 Bitcoins (BTC) and many other cryptocurrencies.
“Huobi is taking action now to clearly state the balances of our hot and cold wallets and make that transparency a routine going forward,” the Huobi Global report states. made a statement.
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