The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days.
stemming from Twitter suggests that Huobi employees have created fake accounts on Twitter to complain to Sun about the situation. “Apparently Justin Sun tried to dissolve the company ,” the report detailed. The report alsothat Huobi’s issues were similar to the situation when the “Hooexchange CEO rug pulled his employees.”
On Jan. 5, 2023, Sun tried to reassure the community that everything was fine in a tweet published in Chinese. A rough translation of the tweet says: The recent business development momentum [Huobi Global is] good, and the core indicators have maintained high-speed growth. The average daily growth rate of the number of new registered users and capital inflows exceeds the peak in 2022. And the first thousand times coins such as Pi and Bonk were born, and the trading volume of related currencies ranked first in the industry, leading a number of industry hotspots and continuing to drive the recovery of the market.
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