Doubts mount over Huobi’s future as harsh layoff rumors denied By Cointelegraph

Speculation on Twitter that crypto exchange Huobi has laid off staff and shuttered internal communications have prompted the community to advise users to withdraw funds, despite an adviser to the exchange denying the rumors.

In a Jan. 5 tweet, Huobi adviser Justin Sun addressed rumors of purported insolvency, saying the business development of the exchange was “good” and the “security of users’ assets will always be fully protected.”