Huobi Global reportedly returns to profit after major layoffs and restructuring.
of its employees and slashed employment benefits as part of restructuring efforts. A major incident occurred on Mar. 10 when the exchange's native token, Huobi Token , suffered a flash crash leading to a more than 90% drop in its price within hours.
The token has since recovered most of its losses; however, one major user, who goes by the Twitter handle Lantian666, claims to have lost $4 million due to margin liquidations on HT during the flash crash. Lantian666 says they have yet to receive full compensation from Huobi as a result of the incident despite claims from Sun that all users impacted by the crash will be compensated.
Dear colleagues in the crypto circle, I am the owner of the account that was forcefully liquidated for 4 million dollars on March 10th at 5:00 am by the Huobi platform's HT pin liquidation. I will continue to share all the details and what Huobi did at that time
Norge Siste Nytt, Norge Overskrifter
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