We are currently in a game of crypto centralized exchange CEOs survivor. So, exactly who will be the last man standing?
Data from CryptoQuant, a crypto information provider, shows a significant spike in bitcoin fund outflows from Huobi Global over the past few days. This development occurred when the company publicly rejected rumors of the arrest of one of its executives.
The more countries adopt the CBDC program, the better the control over digital assets because central banks cannot control tokens like Bitcoin. It can be a problem for central banks if they plan to use CBDC as a central planning tool. Cryptocurrencies are currently under a little bit of pressure from governments outside of China, but that could change in the future.
Huobi Exchange Leon Li is Finally Under the Scope
In a tweet posted on November 2, Huobi exchange dismissed rumors that a Huobi’s local officials’ arrest was false.
The company said that all of Huobi’s management team members have been reported and have not been arrested or arrested. “We understand that spreading false information can raise concerns about the safety of consumer goods. Just make sure your assets are safe,” the post continued.
The increase in drain reached a peak on Monday afternoon, according to CryptoQuant. The service highlighted developments in previous tweets.
The Huobi token is going down with it. The rumors appear to be affecting the price of Huobi’s token, according to market data released by CoinGecko. The price of Huobi’s token has fallen by more than 9 percent in the last 24 hours. The token is currently trading for around $ 3.77 for the data site.
CZ and Jay Have Been There
OKEx has been experiencing similar issues over the past few weeks and is currently carrying out an investigation of key staff at the exchange.
OKEx, one of the industry’s largest crypto-fiat exchanges, suspended all cryptocurrency withdrawals, saying one of the exchange’s keyholders had “been out of touch” with the exchange because he was cooperating with a public security bureau in investigations.
More things seem to be happening in the Chinese stock market. It is impossible to tell if there is a link between China’s CBDC launch and the attention OKEx is receiving from Chinese authorities.
Bitmex has also gotten accused of illegal activities in the United States. At the same time, its leaders, including CEO Arthur Hayes, were charged with violating the Banking Secrecy Act and sentenced to prison. One of the Bitmex founders has already gotten arrested.
After leaked ‘Tai Chi’ Document Revealed Binance’s Elaborate Scheme To Evade Bitcoin Regulators, CZ did not report on the issue. However, ever since, he holds the hidden immunity idol and is part of an alliance with Sam, TFX. The tribe has spoken; Leon Li must follow suit.