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Huobi’s Controlling Shareholder Company Transferred All the Shares to the Fund of About Capital

On Oct 8, Huobi's controlling shareholder company transferred all the shares of Huobi Global it holds to the fund of About Capital. New Huo Tech are independent entities. All ops of Huobi are normal, & Huobi will continue to provide customers with safe & reliable services.

Huobi’s Hong Kong-listed company announced that $18.1 million in crypto could not be withdrawn on FTX, of which $13.2m was customer assets. Controlling shareholder Li Lin will provide additional unsecured financing of up to $14 million, which will cover client balance sheets.

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