Huobi Crypto Exchange Denies Mass Layoffs and Exec Resignations
Source: Adobe/piter2121 Major crypto exchange Huobi Global has denied mass layoff claims and allegations that two of its top executives have resigned. In a tweet on October 29, prominent Chinese journalist Colin Wu claimed that the company&rsquo ;s CEO Leon Li and chief financial officer Chris Lee have resigned. Citing people familiar with the matter, he said the crypto exchange is also preparing for "large-scale layoffs." "Justin Sun's TRON team has taken over important departments of Huobi. Huobi has 1,600 employees, Justin Sun believes that there are too many people, and there may be large-scale lay offs," Wu said. However, a spokesperson has reportedly denied  ;the claims, noting that rumors regarding upcoming mass layoffs are “untrue” and that its senior management continues to perform their duties “as per normal.” “Huobi Global’s senior management team is performing their duties as per normal,...