TechFlow news — On November 13, Justin Sun, founder of TRON and advisory board member of Huobi Global, said on Twitter that Huobi has responded to CZ's suggestion to halt FTT deposits and will closely monitor the situation.
Earlier, Binance CEO CZ tweeted that the deployer of the FTT contract moved all remaining supply of FTT worth $400 million, which is being unlocked in batches, making it unclear what exactly happened. Binance has already suspended FTT deposits to prevent potentially problematic additional FTT supply from affecting the market. Binance will monitor developments and encourage other exchanges to do the same.
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