Justin Sun Says Things Are Getting Better

In the cryptocurrency market, a wave of fud is spreading due to the destruction caused by the bear trend. Especially strong projects can come under pressure due to various fuds. The most important fud that has come to the fore lately has been the ones made by Binance. Binance has come under heavy pressure for its proof of reserve and liquidity situation. On the other hand, Huobi clarified the recent dismissal news. Huobi adviser Justin Sun has revealed that the news of the layoffs is false. Sun pointed out that they have no plans to downsize.

Justin Sun, a shareholder and advisor to crypto exchange Huobi, announced that the news of Huobi’s dismissal spread by the media is not true.

There have been reports in the media recently that Huobi will go through mass layoffs and premium cuts. In the news, it was stated that the company will reduce its 1200 staff to between 600 and 800 people. This news was also supported by a name close to Huobi. The anonymous source claimed that the stock market lost money after withdrawing from China and could therefore start layoffs. After these allegations, which were on the agenda, Sun’s denial was not delayed. Sun stated that Huobi’s business has been getting better lately and they are in a critical period of development.