Asian-based cryptocurrency exchange Huobi announced that it will pay 1:1 to users who suffered from the collapse of FTX and could not withdraw their money.
Drawing attention to the collapse of the FTX stock market and liquidity problems, Huobi advisor Justin Sun announced that Huobi and his team will do their best to protect investors. In the statement made on the Huobi official site, the FTX exchange TRON pertaining to the ecosystem TRX, BTT, JST, SUN and HT If users with tokens are unable to withdraw their funds, those assets 1:1 rate will be met.
Users who experienced the specified victimization and could not withdraw their assets belonging to the TRON ecosystem were asked to fill out the recovery form shared by Huobi.
FTX downfall to the crypto community mentioning serious damage Sun underlined that the events that took place would not be welcomed by law-making institutions and states. According to Sun, such bad events may eventually lead to tougher regulations and laws.
The details of the statement made on the Huobi official page are as follows:
We will follow the developments. We reiterate that the interests of TRX, BTT, JST, SUN, HT in the TRON network will always be our highest priority and that we will do our best when it comes to your interests, no matter where in the world, no matter what force majeure, no matter what desperate times. Community first, users first is our main philosophy at Huobi.
Announcement from Huobi to FTX Victims: Investors Who Have These Altcoins Will Cover the Losses, prepared by Tugay Erdem and published on koinbulteni.com.