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Data Shows Huobi Suffers $60M Token Outflows in a Day, Huobi Announces Major Layoffs

The most valuable crypto stories for Friday, January 6, 2023.
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This episode is sponsored by the Galaxy Brains Podcast.

Crypto exchange Huobi saw turbulent trading in its HT token during Asian daytime hours after it confirmed a 20% staff reduction. The exchange has experienced outflows of $64 million in the past 24 hours, according to Nansen. "The Hash" group shares their hot takes on Huobi's latest development and other top stories of the day.

See also:

Tron's Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange

Crypto Exchange Huobi Sees $60M Token Outflows in a Day: Nansen


This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”


Data Shows Huobi Suffers $60M Token Outflows in a Day, Huobi Announces Major Layoffs