Crypto flash crash on Huobi spurs Sun to inject $100 million
Huobi, one of the largest digital asset exchanges, was hit with a flash crash on Thursday that caused traders to fear the exchange's solvency. In response, Sun, an adviser to Huobi, tweeted that the exchange and its crypto wallets are safe and that Huobi is setting up a $100 million fund to bolster liquidity. HT and TRX combined account for almost half of the Huobi exchange's total asset reserves.
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