Post
Topic
Board Service Discussion
Re: *warning* Huobi insolvency rumours
by
NotATether
on 08/08/2023, 04:20:33 UTC
Overall, i think we should not panic and do not recommend others to withdraw there funds until they make some announcements because such panic and quick withdrawals will left that exchange no other choice but bankrupt only.
Do you want their users becomes like what FTX users? Waiting to get refunded for months already. It's better to be safe than sorry. If most people withdraws, and the exchange go bankrupt, its not their problem already. BS practice and ways to make business is the keys of failing the business.

I think the better question to ask is, do those Huobi users want to end up like FTX users and have to wait in agony for several months or years before they ever get back at least a fraction of their crypto from lawsuits, if ever?

Better to be safe than sorry. Close all trading positions in Huobi and get out while you can.