Huobi will help with the exchange of Tron network tokens to their owners on the FTX platform

Huobi will help with the exchange of Tron network tokens to their owners on the FTX platform
Coins such as Tron, BitTorrent and HT that are not available for withdrawal from FTX will be allowed to be redeemed at a 1:1 ratio on the exchange led by Justin Sun

Huobi and Tron DAO have promised to exchange Tron network tokens at a 1:1 ratio, even if they are not available for withdrawal from the FTX platform. After discussing the situation, the Huobi team decided in the interest of the community to allow users to redeem their Tron blockchain tokens: TRON (TRX), BitTorrent (BTT), Just (JST), Sun Token (SUN) and Houbi (HT), placed on FTX, from the Huobi and Tron platforms.

The FTX exchange's liquidity crisis has raised major concerns about asset security, wrote Tron blockchain founder and Huobi Global Exchange Advisory Board member Justin Sun. He and his team are watching the situation unfold with a heavy heart, he said.

Sun and Huobi have received numerous messages from holders of Tron tokens on FTX about the inability to withdraw them, the announcement said. The exchange team has published a link where users can register an application for their tokens with their Huobi account. This data will be used by the exchange to coordinate and coordinate with the FTX platform to withdraw tokens TRX, BTT, JST, SUN, HT.

FTX's troubles began late last week after Binance CEO Changpeng Zhao announced that his company intends to sell its remaining FTT tokens within a few months. Following Zhao's announcement, $1.2 billion worth of cryptocurrency was withdrawn from the FTX platform.

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Author: soft4bro.com (09/11/2022)