Fraud Allegations Against Crypto Exchange HTX
The post Fraud Allegations Against Crypto Exchange HTX appeared on BitcoinEthereumNews.com.
Allegations have been circulating on the web in recent days against the crypto exchange HTX regarding alleged fraud. At present there is no confirmation that this is indeed fraud, but the allegations are more than one. Decimated’s Accusation Of Crypto Fraud Against The HTX Exchange The online game Decimated has published a detailed account of what allegedly happened. We had announced on 31 October 2022 the continued partnership between FractureLabs and Huobi. Due to revelations that have come to light, FractureLabs has been trying to engage Huobi in respect of the operations of its account and its assets held with Huobi. As a result of our… pic.twitter.com/5jXJqyZEhK — DECIMATED – Official (@decimated_game) April 14, 2023 In October last year they announced a partnership between FractureLabs and Huobi. Now Decimated claims to have had problems withdrawing funds from their account on Huobi, so much so that they were forced to seek the advice of a law firm. Indeed, they even invite community members to email helpful information about this, particularly regarding any problems with withdrawals on Huobi. They also cite Huobi’s recent restructuring, changing its name to HTX, and moving its headquarters to the Caribbean. On Linkedin, Decimed CEO Stephen Arnold revealed that HTX (formerly Huobi Global), acquired by About Capital Management, has blocked about $5.8 million of their funds. He claims they would be violating a settlement agreement to release their funds, and have not responded to arbitration or attempts by their legal department to contact them about it since January 2023. He adds that they are also already aware of some similar situations, with funds blocked or in litigation for $200,000, $800,000, $10 million and in one case as much as $24 million. The Thomson Reuters Indictment Thomson Reuters senior editor Rachel Wolcott on Linkedin rehashes the allegation. In…
Filed under: News - @ November 24, 2023 1:22 am