When will Huobi resume normal operations?
When will Huobi resume normal operations? According to an official announcement
When will Huobi resume normal operations? According to an official announcement on the website, Huobi Global has reopened its deposit and withdrawal services. Starting from August 19th, all asset trading functions were temporarily suspended. On September 15th, all assets and trading services will be fully restored, including the recharge and withdrawal operations of all cryptocurrencies such as BTC, ETH, USDT, etc. However, as of now, the recharge and withdrawal work is still ongoing. By the end of October, all user account funds will be completely released and trading can be conducted at any time (depending on the user’s position).
In mid-December, with market volatility, the price of Bitcoin experienced a significant decline. During the period of turbulent market conditions, some contract platforms encountered major market adjustments, resulting in users being unable to make effective closings or cancel orders in a short period of time, leading to panic selling behavior. Huobi released a notice titled “Continuous Monitoring Measures for Recent Abnormally High-Frequency Market Makers” stating, “In response to the risk of possible forced liquidation in extreme situations, we will take immediate action to address it.”
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