Justin Sun Clarifies As Huobi Insolvency Rumors Spread

Over the last weekend between August 5-6, crypto exchange Huobi witnessed massive outflows worth $64 million amid rumors of Chinese authorities investigating its executives and the fears of possible insolvency. Amid the ongoing rumors, the total value locked (TVL) on the exchange dropped significantly to $2.5 billion, from $3.09 billion last month. There were rumors