Huobi Removes Tokens Linked to Justin Sun's USDD

BeInCrypto
BeInCrypto

27 Jun 2023 5:00 PM

The crypto exchange Huobi has announced it will delist 10 tokens, with most of them trading with Tron's stablecoin USDD....

  • Cryptocurrency exchange Huobi will delist ten trading pairs, primarily those trading with Justin Sun's USDD, as of June 29.
  • The trading pairs with USDD include Solana's SOL, Cardano's ADA, ApeCoin's APE, Polygon's MATIC, Filecoin's FIL, and Ethereum Classic's ETC tokens.
  • The move follows the recent classification of most of the tokens as securities by the SEC.
  • Justin Sun, founder of Tron and Global Advisor at Huobi, accused Li Wei, the brother of Huobi's founder, of obtaining free amounts of Huobi's native token (HT) through "abnormal means."
  • Sun transferred a large amount of money to Huobi Exchange, which was widely interpreted as an aggressive move against Lido.

The article presents a negative sentiment towards the delisting of trading pairs and the public spat between Sun and Huobi. It also highlights the growing anxiety about the classification of tokens as securities.

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You May Ask

What trading pairs will Huobi delist as of June 29?What is USDD and who issued it?Why did Huobi urge customers to go with alternatives?What did Justin Sun accuse Li Wei of, and how did he respond?What was the purpose of Sun transferring a large amount of money to Huobi Exchange?

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