TechFlow news: According to an official announcement, Huobi has updated its Merkle tree proof-of-reserves data for September. The specific reserve ratios in this update are as follows: USDT 100% (Huobi assets 642,031,579), BTC 101% (Huobi assets 23,973), ETH 103% (Huobi assets 128,570), HT 103% (Huobi assets 191,532,043), TRX 103% (Huobi assets 9,600,901,592). The USDT and ETH figures already include stUSDT, USDT-T-Bills assets, as well as BETH and stETH.
Reserve ratio = Huobi wallet balance / user assets, a metric indicating whether Huobi holds sufficient reserves. A reserve ratio above 100% indicates that Huobi's wallet assets exceed the total user-held assets.
Huobi stated it will conduct regular asset audits and use this page and feature to publicly demonstrate that it maintains sufficient reserves to safeguard user assets.
