Rumors of Insolvency and Chinese Probes Cause Huobi Crypto Exchange TVL to Drop to $2.5 Billion

Popular cryptocurrency exchange Huobi has experienced significant outflows of funds and a decline in its total value locked (TVL) amidst rumors of insolvency and Chinese investigations. Between August 5 and 6, Huobi saw outflows totaling $64 million, causing its TVL to drop to $2.5 billion, down from $3.09 billion on July 6, according to data from DefiLlama. ... Read More: Rumors of Insolvency and Chinese Probes Cause Huobi Crypto Exchange TVL to Drop to $2.5 Billion