Cryptocurrency trading platforms affected by the collapse of FTX is still going on!
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Answer Cryptocurrency trading platforms affected by the collapse of FTX is still going on!
The bankruptcy avalanche caused by cryptocurrency exchange FTX has spilled over into the rest of the crypto industry.
A Huobi-related subsidiary is the latest victim.
Hong Kong-listed New Huo Technology Limited announced inside information on Monday that about $18.1 million in cryptocurrency owned by its subsidiary Hbit Limited has been deposited on cryptocurrency exchange FTX, according to the latest announcement published on Twitter. Hong Kong Stock Exchange.
Of the 18.1 million in capital, about $13.2 million are assets of users and about $4.9 million are assets of Hbit Limited.
The listed company has warned that cryptocurrencies cannot be withdrawn from FTX due to the filing for bankruptcy protection announced by FTX on November 11, due to a liquidity crisis.
Read:With Bitcoin Price Falling…Third Largest Bitcoin Whale Adds $13 Million worth of (BTC)
The company’s board of directors affirmed that it will continue to provide financial services compatible with virtual assets, and as stated in the company’s statement:
The Board is of the opinion that the incident does not currently affect the normal business operations of the Group.
Since Hbit Limited is legally and operationally separate from the other business entities of the Group, the other assets and lines of business of the Group will not be affected.
The Board acknowledged that its financial performance could be affected if the problem is not resolved.
Meanwhile, Hong Kong-based cryptocurrency exchange AAX is experiencing several disruptions.
It told AAX on Sunday that it will continue to suspend withdrawals for seven to 10 days due to a system upgrade and to protect users from malicious attacks.
Ben Caselin, vice president of AAX, tweeted early Monday morning, acknowledging that this is bad timing for scheduled maintenance at AAX.
AAX has confirmed that the exchange has no financial exposure to FTX or its affiliates, and that its digital assets remain intact, with a large amount of digital currencies stored in cold wallets, according to the statement.
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