TechFlow News, November 12 — Sun Yuchen, founder of TRON and advisory board member of Huobi Global, stated on Twitter that Huobi, Poloniex, and USDD have no investments in or financial dealings with FTX, and user assets are backed by over 100% collateral. He noted that Huobi previously completed the payout of tens of billions of dollars in user funds within a short timeframe due to its profit-making capability. Just a month ago, it completed a 100%-collateral audit following an acquisition transfer, making it one of the safest exchanges in the industry. Another Merkle tree audit will be conducted within the next month.Original link





