Credit to Tytanowy Janusz for posting this on our local board.

If you hold any funds on Huobi, maybe it's worth considering withdrawing asap.

As reported by Adam Cochran on his twitter: https://twitter.com/adamscochran/status/1687959096316542976, Looks like Huobi might only hold a fraction of the reserves declared in the "Merkle Tree Audit", which they stopped updating last month.

We have some fresh press hits already:
https://cointelegraph.com/news/huobi-tvl-drops-amid-rumors-insolvency-investigations-china
https://decrypt.co/151535/huobi-insolvency-police-rumors-adam-cochran-justin-sun
https://ambcrypto.com/unraveling-the-link-between-justin-sun-huobi-usdt/

Huobi's twitter account is active but they didn't bother to address this accusation so far.