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<ul><li>Huobi experienced a $64 million outflow over the weekend of 5-6 August, leading to concerns about its financial stability.</li><li>Rumors suggest some Huobi executives were arrested in China due to alleged links with gambling platforms.</li><li>Fintech executive Adam Cochran highlighted inconsistencies in Huobi&#39;s Tether holdings, raising potential insolvency concerns.</li></ul>Huobi, a leading cryptocurrency exchange, has been caught up in a storm of controversy amid rumors of insolvency and investigations into its executives by Chinese authorities. Over the weekend of 5-6 August, the exchange saw a substantial <a href="https://defillama.com/protocol/huobi?usdInflows&#61;true&amp;twitter&#61;false&amp;groupBy&#61;daily" rel="noopener noreferrer nofollow">outflow</a> of $64 million, resulting in a decrease in the total value locked (TVL) on the platform from $3.09 billion in July to $2.5 billion.Rumors began to circulate on August 4, <a href="https://hk.investing.com/news/economic-indicators/article-366758" rel="noopener noreferrer nofollow">suggesting</a> that Huobi&#39;s leadership had been arrested in China, allegedly in connection with an investigation into the exchange&#39;s links with gambling platforms. Later, Adam Cochran, a fintech executive and angel investor, voiced concerns about Huobi&#39;s financial stability in a series of tweets.Cochran highlighted inconsistencies in the exchange&#39;s Tether (USDT) holdings, suggesting potential insolvency, stating:Read full article at <a href="https://cryptotale.org/huobi-exchange-under-fire-amidst-insolvency-rumors-and-regulatory-challenges/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Huobi Exchange Under Fire Amidst Insolvency Rumors and Regulatory Challenges

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