{"id":536028,"date":"2023-01-06T08:56:45","date_gmt":"2023-01-06T05:56:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/doubts-mount-over-huobis-future-as-harsh-layoff-rumors-denied\/"},"modified":"2023-01-06T08:56:45","modified_gmt":"2023-01-06T05:56:45","slug":"doubts-mount-over-huobis-future-as-harsh-layoff-rumors-denied","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/doubts-mount-over-huobis-future-as-harsh-layoff-rumors-denied\/","title":{"rendered":"# Doubts mount over Huobi\u2019s future as harsh layoff rumors denied"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a283ed210154\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a283ed210154\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/doubts-mount-over-huobis-future-as-harsh-layoff-rumors-denied\/#%E2%80%9D_Doubts_mount_over_Huobis_future_as_harsh_layoff_rumors_denied_%E2%80%9C\" >&#8221; Doubts mount over Huobi\u2019s future as harsh layoff rumors denied &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Doubts_mount_over_Huobis_future_as_harsh_layoff_rumors_denied_%E2%80%9C\"><\/span>&#8221; Doubts mount over Huobi\u2019s future as harsh layoff rumors denied &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvYmEzYTVlMGQtNjkyMS00ODU1LWJkOWItZjEzZjk3NDRkN2E1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ed77c39>Speculation on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that crypto exchange Huobi has laid off staff and shuttered internal communications have prompted the community to advise users to withdraw funds, despite an advisor to the exchange denying the rumors. <\/p>\n<p>In a Jan. 5 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/justinsuntron\/status\/1610910777040580611\">tweet<\/a>, Huobi advisor Justin Sun addressed rumors of purported insolvency saying the business development of the exchange was \u201cgood\u201d and the \u201csecurity of users&#8217; assets will always be fully protected.\u201d<\/p>\n<p>Sun also seemingly brushed off speculation around disgruntled staff saying Huobi will \u201cfully respect the legal demands of local employees.\u201d<\/p>\n<p>Earlier, on Jan. 3, crypto journalist Colin Wu reported Sun changed Huobi employee salaries from being paid in fiat to be paid in either Tether (USDT) or USD Coin (USDC), claiming staff who disagreed with the change could be laid off.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Justin Sun&#8217;s HR is communicating with all Huobi employees to change the salary form from fiat currency to USDT\/USDC; employees who cannot accept it may be dismissed. The move sparked protests from some employees. Exclusive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/QB4sjDyHc7\">https:\/\/t.co\/QB4sjDyHc7<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1610615698254102529?ref_src=twsrc%5Etfw\">January 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Wu earlier reported in Dec. 2022 that Huobi canceled year-end bonuses and was preparing to cut up to half of its 1,200 staff citing insiders.<\/p>\n<p>The move to change the salary payment from fiat to stablecoins sparked protests from some employees according to Wu.<\/p>\n<p>A Jan. 4 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BitRunX\/status\/1610839176454483974\">tweet<\/a> from the Twitter account \u201cBitRun\u201d claimed a \u201ccommunication group with internal employees\u201d at the exchange had been shut down and \u201call communication and feedback channels with employees\u201d were blocked.<\/p>\n<p>BitRun added they weren&#8217;t ruling out a revolt by Huobi employees who could \u201cdirectly rug away user assets or programmers add backdoor Trojan horses\u201d claiming the practice was \u201cnot protected by domestic laws.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>\u2018Old money has all but fled,\u2019 Huobi co-founder discusses challenges of running $400M VC fund<\/em><\/strong><\/p>\n<p>Huobi is based in Seychelles, with offices in Hong Kong, the United States, Japan and South Korea. It\u2019s a publicly listed company on the Stock Exchange of Hong Kong.<\/p>\n<p>The ominous warning was enough for one Twitter user to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cryptadamist\/status\/1611129612217778176\">claim<\/a> Huobi \u201cseems to be melting down in real-time\u201d and others suggested users withdraw funds from the exchange due to the rumors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If you are using Huobi<br \/>Do consider withdrawing assets till the FUD blows over<\/p>\n<p>Some rather negative sentiment and accusations are going around Twitter aimed against Huobi.<\/p>\n<p>Unverified so do your own due diligence and risk management accordingly.<\/p>\n<p>\u2014 RossStephenson.eth  (@magicross7) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/magicross7\/status\/1611187596344033280?ref_src=twsrc%5Etfw\">January 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Huobi Token (HT) is down nearly 7% over 24 hours according to CoinGecko <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/huobi-token\">data<\/a>.<\/p>\n<p>Cointelegraph contacted Huobi for comment but did not receive a response at the time of publication. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/doubts-mount-over-huobi-s-future-as-harsh-layoff-rumors-denied\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Doubts mount over Huobi\u2019s future as harsh layoff rumors denied &#8220; Speculation on Twitter that crypto exchange Huobi has laid off staff and shuttered internal communications have prompted the community to advise users to withdraw funds, despite an advisor to the exchange denying the rumors. In a Jan. 5 tweet, Huobi advisor Justin Sun&#8230;<\/p>\n","protected":false},"author":1,"featured_media":536029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/ba3a5e0d-6921-4855-bd9b-f13f9744d7a5.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75917,75591,94184,87037,117],"class_list":["post-536028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-exchanges","tag-huobi","tag-huobi-token","tag-justin-sun","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/536028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=536028"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/536028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/536029"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=536028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=536028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=536028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}