Huobi will help with the exchange of Tron network tokens to their owners on the FTX platform
Coins such as Tron, BitTorrent and HT that are not available for withdrawal from FTX will be allowed to be redeemed at a 1:1 ratio on an exchange led by Justin Sun.
Huobi and Tron DAO promised to exchange Tron network tokens at a 1:1 ratio, even if they are not available for withdrawal from the FTX platform. After discussing the situation, the Huobi team decided, in the interest of the community, to allow users to redeem their Tron blockchain tokens: TRON (TRX), BitTorrent (BTT), Just (JST), Sun Token (SUN), and Houbi (HT) listed on FTX from platforms Huobi and Tron.
The liquidity crisis of the FTX exchange has raised big concerns about the security of assets, Justin Sun, the founder of the Tron blockchain and a member of the Advisory Board of the Huobi Global exchange, wrote. According to him, he and his team are watching with a heavy heart how the situation develops.
Sun and Huobi have received numerous reports from Tron token holders on FTX that they cannot be withdrawn, the announcement said. The exchange team has published a link where users can register an application to receive their tokens with a Huobi account. This data will be used by the exchange to coordinate and coordinate with the FTX platform the withdrawal of TRX, BTT, JST, SUN, HT tokens.
FTX’s problems began late last week after Binance CEO Changpeng Zhao announced that his company intends to sell its remaining FTT tokens within a few months. After Zhao’s announcement, $1.2 billion worth of cryptocurrencies were withdrawn from the FTX platform.
