Huobi Global, one of the largest crypto exchanges in the world, has refuted allegations that it is laying off staff and that a number of executives have stepped down.
The rumors began when someone posted an image on Reddit with a caption claiming that Huobi Global had laid off 80% of its staff and that its CEO was leaving. In a recent media statement, however, Huobi Global confirmed that neither was true.
The company denies that it is laying off staff or having any major executive resignations.
Huobi Global Latest Stand
The company has also denied allegations that it may be shuttering its operations in Japan and South Korea after regulators in both countries clamped down on crypto trading.
- The Huobi Global team has not been laying off any staff recently.
- The CEO of the company hasn’t left. He’s still with the company, and he is still running the show at Huobi Global.
- Many people have left the company recently—but they have all done so voluntarily. They were not fired or laid off by anyone in management; rather, they left because they wanted to pursue other opportunities.
- The exchange has never laid off an employee in its history as a crypto exchange since it was founded back in 2014 (and even before). This should be considered an impressive feat for any business operating within this volatile industry!
- The group is also hiring staff across all of its subsidiaries including both US-based and international entities such as HUSDG Capital, which focuses on venture capital investments into blockchain startups around the world.
Despite the rumors, Huobi Global has not laid off staff members due to a lack of funds. The entire executive team is still intact, and there are currently no plans for any major changes.
