Post
Topic
Board Service Discussion
Re: *warning* Huobi insolvency rumours
by
virasog
on 09/08/2023, 05:00:36 UTC
Do you want their users becomes like what FTX users? Waiting to get refunded,.....
Better to be safe than sorry. Close all trading positions in Huobi and get out while you can.
I can't agree more on this and i do know now that the best practise us to withdraw funds as fast as possible and i should not say that but i was also in confusion that if we all will try to withdraw funds will it not bankrupt it? So i should change the tone back in my post but i made mistake. Thanks dear members for the correction.

If you do not withdraw your funds from the Exchange that has rumors of bankruptcy, then you are doing bad to yourself, as otherwise, people will withdraw their funds and those who are late will be left behind with their funds stuck at the exchange.

Even if you have very few funds in the exchange, you should withdraw them as that is your money and you do not want to throw it away, do you ?

In case, everyone gives a withdraw command, the exchange will surely stop the withdrawals because they do not have the funds to pay to all. That is why they are near to bankruptcy but at least you should give yourself a try and maybe you are the lucky one getting the finds out before the exchanges closes.