Huobi has reportedly canceled all year-end bonuses and resolved to cut some employees’ salaries.
Reports say the exchange has ordered employees to accept USDT/USDC salaries or face dismissal.
Some Twitter users claim Huobi has shut down all communication channels with displeased workers.
Since mid-December, Huobi has witnessed $204.65 million in outflows.
Justin Sun addressed the speculations in response to growing concerns.
There are rumors that popular crypto exchange Huobi is about to join the growing list of crypto firms in crisis. Since the start of the year, the crypto exchange has been in the news negatively, heightening doubts about its future.
Notably, the saga started following speculations that the exchange reportedly canceled all year-end bonuses and resolved to cut the salaries of some of its senior employees. A crypto journalist, Collins Wu, cited insiders in confirming the speculations, stressing that Huobi has also perfected plans to lay off 1,200 employ
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