TechFlow news, on March 10, Huobi exchange's platform token HT (Huobi Token) dropped to $0.3138 in the early morning, with a maximum decline of over 93%. The current HT price has rebounded to $3.95.
Justin Sun posted on Twitter stating: "The Huobi exchange is operating normally—wallets, operations, and backend systems are all functioning properly. The incident was solely due to certain users triggering a chain reaction of leveraged liquidations in the spot and futures HT markets. All operations are proceeding steadily without any unexpected issues, representing purely market-driven behavior and volatility."Original link
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