TechFlow news, on November 12, TRON founder and Huobi Global Advisory Board member Justin Sun tweeted, "There's a saying: 'If you can withstand criticism, you can receive praise.' In the crypto world, if you can handle withdrawals, you can handle deposits. Customers' trust in an exchange comes entirely from real records of fast withdrawals. The amount they can withdraw proves how much Huobi has been tested. For Huobi, that figure is $30 billion."
Huobi once smoothly passed a $30 billion withdrawal test. In multiple recent tweets, Justin Sun emphasized Huobi's asset security and transparency, stating that due to consistently maintaining 100% collateralized Merkle tree proof-of-reserves, and having completed 100% collateral audits during previous mergers and acquisitions, Huobi Global is the most secure exchange in the industry. Another Merkle tree audit will be conducted within the next month.
Justin Sun also disclosed part of Huobi's on-chain asset information. On November 9, Sun revealed three Huobi on-chain addresses: 12qTdZHx6f77aQ74CPCZGSY47VaRwYjVD8, 143gLvWYUojXaWZRrxquRKpVNTkhmr415B, and 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj, revealing that these addresses collectively hold 48,555 BTC—less than 3% of all assets. Sun noted that Huobi Global currently has sufficient assets in its publicly disclosed on-chain addresses and will soon release its ETH on-chain addresses as well.
Addressing user concerns regarding the Huobi Global platform, Justin Sun pledged to strictly maintain a 1:1 rigid redemption guarantee for user deposits and assets, affirming that the platform has ample funds and will not restrict withdrawals for any user. Original link
