Huobi Execs Are Leaving Their Posts

Colin Wu has announced the resignation of the CEO and CFO of crypto exchange Huobi. According to him, large-scale layoffs are not ruled out in the company.

The team, which is led by the founder of the Tron Foundation, has already gained operational control over the platform. Justin Sun himself is convinced that the company employs “too many specialists.”

The journalist has also drawn attention to the loss of HUSD peg to the US dollar, which has happened after the announcement of the end of support for the token and the transfer of user assets to USDT. At the same time, the platform began to promote USDD, which is curated by Sun.