Dogecoin Lead Dev Urges for Imminent DOGE Withdrawal Amid Huobi Insolvency Rumors

DOGE guru rings alarm bells, urges Dogecoin withdrawal amid Huobi insolvency fears dogecoin doge dogeusdt dogearmy huobi huobitoken ht $ht $doge

holdings from Huobi amid escalating concerns of the exchange's insolvency. Addressing doubts about Huobi's reserves, the contributor cautioned that the widely touted proof-of-reserves concept, often used by exchanges as a display of financial health, can be misleading and fail to reflect the true liabilities of an exchange.

, coupled with odd balance shifts, shortly after the controversial launch of stUSDT by Tron's Justin Sun. Questions arose about the legitimacy of the new stablecoin, as data suggested a disproportionate distribution of tokens, mostly held by Sun and Huobi themselves.-Binance started selling off USDT in bulk.-And weird balance shifts at Huobi in the last month

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