Unconfirmed reports further indicated that Huobi will reportedly issue 1 million USDT as a reward to individuals who provide evidence over the smear campaign. In a statement to Finbold, a Huobi representative stated that the exchange was running normally. However, the exchange did not delve more into the alleged reward scheme. According to Huobi: Earlier reports suggested that the exchange established the reward in response to the rumors that it termed malicious and defamatory. The source of the messages that appeared on platforms like WeChat was yet to be known by press time. Under the reward scheme, Huobi will also reward 10,000 USDT for feedback used as judicial evidence.
Smear campaign motivated by self-interest
According to Huobi, the individuals or groups behind the reports forged the screenshots of conversations, buying black manuscripts, and distributing false information leading to panic. The Exchange believes that the reports were from individuals with self-interest aiming to ruin the exchange. Individuals with more information are to submit it on the [email protected] email. The rumors come barely two weeks after Huobi’s main competitor OKEx, suspended cryptocurrency withdrawals. As a result, reports emerged that Huobi was to follow suit, but the exchange made an assurance to users that operations were running normally.
