Huobi exchange announces $18.1 million is locked on FTX, mostly customer funds
Huobi announced to shareholders that they had $18.1 million in crypto assets on the FTX exchange, where they can't be withdrawn. They reported that approximately $13.2 million of those funds were customer assets. They announced that they would be taking an unsecured loan of up to $14 million from controlling shareholder Li Lin to cover the client assets.