Trouble for the cryptocurrency exchange Huobi does not appear to fade away. Hours after the platform dismissed rumors that a senior executive was arrested by the Chinese authorities, Colin Wu, the crypto reporter who originally broke the news, further claimed to have confirmed from multiple sources that the platform’s COO Zhu Jiawei was, in fact, under police investigation.
His tweet read,
“He is the number two player in Huobi. Huobi is the exchange with most Chinese users and the largest Bitcoin stock in the world. Li Lin, the founder of Huobi, is unknown.”
Huobi and OKEx Incident Tied?
Wu went on to assert that Huobi was entangled in the same “Shanxi case” involved in the OKEx founder, Mingxing “Star” Xu. However, the crypto exchange has allegedly “conducted plans and drills after the Xu incident, so it may not stop withdrawing after being under pressure” like it happened with OKEx,
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