Dear Huobi users, partners and friends:
Hello everyone!
First of all, thank you very much for your attention and love for Huobi. Ten years have passed, and Huobi has come all the way. It has experienced countless doubts. It can be said that it has overcome obstacles all the way. It is the support and love of our users that have won us the recognition and respect of the market.
In 2021, Huobi will respond to the national policy and choose a new strategy to withdraw users from mainland China. Facing the new global competition situation, Huobi needs to introduce new shareholders and resources to lead Huobi to continue to forge ahead in the globalized market competition .
Chinese blockchain entrepreneur Justin Sun joined Huobi as a member of the Huobi Global Advisory Committee to recharge the faith of Huobi at that time, and preserved the kindling of the Chinese in the Web3.0 world. Not long after joining Huobi, Sun Yuchen shouted the slogan Huobi will be Huobi, return to the top three and proposed a new development strategy for Huobi, hoping to carry forward the encryption culture and spirit of the Chinese, and let the once world-leading The domestic digital asset trading platform has returned to the center of the global Web3.0 world. We will also continue to pass on the Chinese fire of the encryption industry, and unswervingly move towards the star sea of Web3.0.
Although there are thousands of people, I will go on. Some rumors and deliberate smears in the market recently are contrary to our consistent customer first philosophy, so it is necessary for us to have an in-depth communication with users and partners to set the record straight.
At the same time, we call for rational voices and look forward to real long-termists in the industry. The industry is still in its early stages, and we sincerely hope to unite with the majority of Web3.0 practitioners and make progress hand in hand! The road to the stars and oceans of Web3.0 is destined to be full of challenges and opportunities. We call on the long-termists in the industry to pass on Chinese culture with us and create a new world of Web3.0 together!
Therefore, we would like to make the following clarifications in response to some false statements that deliberately smear Huobi recently.
Rumor 1: The pGALA hacking incident was rumored as Huobizhen currency plus P
Truth: The rumor said that Huobi took the real currency, issued PGALA, and exchanged the users GALA assets by adding p. The fact is that the pGALA incident originated from the attack that pNetwork cooperated with hackers to issue a large number of pGALA without the knowledge of Gala Games and Huobi, stealing and triggering a huge amount of counterfeit currency recharge. victim! The relevant rumors are malicious rumors fabricated by black public relations who do not know the truth. For the detailed process, please refer to A statement of the truth about the GALA incident”。
Since the incident, Huobi has recovered users losses in the first time. After being attacked, it has invested more than 3 million US dollars as repurchase funds to protect the interests of users.
At the same time, we have been doing our best to recover the losses of users. We have conducted many long-term communications with the Gala project team and the pNetwork team, and have investigated and criminally investigated pNetwork through all legal means including class action and reporting. On March 20, Gala filed a lawsuit against pNetwork, the cross-chain bridge used by GALA on the BNB smart chain, claiming USD 27.7 million from pNetwork. Currently, Huobiji has contacted Galas legal team and will jointly pursue the payment.
Rumor 2: Rumoring the regular and compliant spot futures behavior as the issuance of counterfeit currency
Truth: The online Pi futures are definitely not counterfeit currency, and the Pi community that cooperates with Huobi has enough futures to redeem 100% of them! Listing futures (IOU) of popular project tokens has been one of the currency listing strategies of many exchanges since 2018. The purpose is to meet the expectations of users for popular projects. Before the FIL mainnet was launched, many exchanges also launched FIL futures trading. The same is true for Huobi’s launch of Pi futures, which is the result of communication and cooperation between Huobi and its community.
As a community-friendly trading platform, Huobi launched Pi in order to respond to the voice of the majority of Pi community users and provide a safe and compliant trading place for its community and fans. At the same time, Huobi, as an exchange that has never had a security incident in ten years of operation, adopts a set of almost strict standardized procedures for the online tokens, issuing fake Pi coins, such remarks are pure rumors. Grabbing money is even more nonsense. The Pi community, which cooperates with Huobi, has sufficient Pi futures, which can guarantee 100% redemption after Pi goes online.
Rumor 3: Optimizing and adjusting normal business personnel to spread rumors as layoffs without compensation
Truth: Huobis talent upgrades and adjustments are based on business needs, and the rights and interests of all employees are protected according to law! The encryption market is changing and developing rapidly, and all parties involved need to respond to industry development and market dynamics in a timely manner to better adapt to changes to achieve their own development and serve platform users. Among them, changes in team organizational structure and staffing are a representative indicator, and layoffs are also normal adjustments within the enterprise.
In 2022, due to the monetary tightening policy adopted by the Federal Reserve and the global economic downturn, the traditional Internet has also experienced large-scale personnel adjustments. Huobi has made a decision to optimize some personnel based on factors such as prudent financial management and business adjustments.
The layoffs have nothing to do with the companys operating conditions or employee performance. It is mainly to match the companys latest strategic planning and the stage of industry development. It is a normal business adjustment. The essence is to help Huobi reduce costs and increase efficiency, and improve overall operating efficiency. Huobi is still actively recruiting for some positions.
After the personnel adjustment, Huobi has made reasonable and proper arrangements for the optimization personnel in accordance with the laws and regulations of various regions to protect the rights and interests of every employee. It should be noted that so far, there has not been a single employee lawsuit caused by compensation issues, and there is no such thing as The case of no compensation.
What needs to be added is that after our investigation, the information that we do not compensate for the rumors are all malicious acts of online public relations.
Rumor 4: The rumor will be spread and displayed as actress marketing
Truth: Excellent Web3 women should be respected, refuse to discriminate and belittle Web3 women! In response to the malicious smearing of the so-called actress marketing on social media, Huobi believes that this is an act of seriously smearing Web3 female practitioners!
This title is a great disrespect or even an insult to female practitioners of Web3, and it is serious sex discrimination!
In the Web3.0 world, apart from men who dare to fight, there are also many outstanding female practitioners. Their value should be amplified in the Web3.0 world. They need a platform to express themselves and show themselves. The encryption industry should not make malicious comments on women from the perspective of men, and needs to narrow the gender gap through inclusive changes.
The Huobijie Huobiyijie Project hopes to guide the entire industry to pay more attention to the power of women, release the wisdom and energy of this group, and let the crypto market see their responsibilities and responsibilities. Huobi once again appeals to the majority of users and the media to adopt a realistic attitude, speak with conscience and seeing is believing, respect women, and not engage in gender discrimination. At the same time, you are also welcome to watch the live broadcast of Sister Huobis column to feel their charm and supervise them.
Rumor 5: Malicious rumors about the diplomatic status of Huobi’s global strategic advisor
Truth: This is a malicious smear rumor without any evidence or reason. Justin is normally performing his duties in the WTO and Grenada, and no further explanation is needed.
Rumor 6: Rumoring extreme market fluctuations as pin harvesting users
Truth: The HT liquidation event was caused by the downward pressure on the industry due to the impact of macroeconomic environmental events. The specific reason is that the serial selling by large households and the lack of HT liquidity have caused severe market fluctuations. For the losses caused by the incident, Huo must also be a victim. The so-called conspiracy theory of harvesting users cannot withstand scrutiny and deliberation. A discerning person can tell at a glance that the benefits outweigh the benefits of a nine-year-old platform, and it is pure rumors and smears.
Huobis philosophy is to respect the market and not interfere with any market behavior, but through this incident, Huobi also realized the importance of liquidity and product risk control, and Huobi will focus on improving such problems to avoid similar things from happening again.
At the same time, Huobi always adheres to the principle of user interests first. In order to protect the interests of users, Huobi has proposed related plans to compensate users who are damaged on the platform. So far, Huobi has negotiated a satisfactory solution with more than 98% of users and completed the compensation. For the problems raised by individual users, Huobi will still maintain active and open communication until the problems are resolved satisfactorily.
In addition, the original intention of platform compensation is to protect users and maintain user interests. Leverage trading is a very high-risk trading method. Increasing leverage is suitable for some institutional strategies or individual users with sufficient trading experience. Huobi appeals to users to have a sufficient understanding of the leverage mechanism, grasp risk management, and avoid personal losses caused by extreme market conditions. Even if the platform gives users corresponding compensation in the interests of customers, we still do not recommend users to conduct long-short leveraged transactions without risk protection and sufficient financial asset trading experience. We do not want our compensation to be a disguised form of encouragement. The behavior of users to conduct high-risk leveraged transactions has deviated from the original intention of the platform to compensate users. We hope that users will understand and support them.
Finally, as the worlds leading digital asset trading platform, Huobi is well aware of the risks and opportunities in the encryption market, and once again reminds users that leveraged trading is a very high-risk trading method. Huobi sincerely recommends that users use high-leverage transactions with caution. BIT always puts the interests of users in the most important position, and hopes to reach a consensus and a satisfactory solution to this incident as soon as possible with the remaining users who still have doubts about the current plan.
Rumor 7: Rumoring general civil lawsuits as fraud prosecution to attract peoples attention
Truth: Huobi has always operated in compliance, and the SEC’s civil lawsuit against Huobi’s consultants will not affect the normal operation of Huobi. The U.S. Securities and Exchange Commission’s (SEC) March 23 civil complaint against Huobi Consulting is just the latest example of its actions against prominent players in the blockchain and crypto space. It is understood that the SEC has launched civil disputes against several heavyweights and institutions in the encryption market, including Gemini, Genesis, Coinbase, Kraken, Binance, etc. Coinbase responded that it hopes the SEC can formulate transparent and reasonable encryption regulations. This shows that the current SEC regulatory framework for digital assets is still in its infancy and needs further development. The civil complaint initiated by the SEC against Huobi consultants has nothing to do with Huobi and will not affect the normal operation of Huobi.
Huobi has been promoting the cooperation between the encryption industry and global governments and regulators. Dominica has adopted TRX and BTT as legal tender. We are eager to work with all industry colleagues to establish transparent guidelines to regulate the cryptocurrency industry and continue Build a decentralized financial system.
In addition, Huobi must solemnly declare here that on March 28, 2023, the State Cyberspace Administration of China officially issued the Severely Crackdown on Illegal and Violative Behaviors that Maliciously Damage the Image and Reputation of Enterprises and Entrepreneurs Online. The Internet advocates freedom of speech, but the Internet It is not a place outside the law, and we resolutely resist some black public relations and top Vs using their voice to maliciously expose other peoples private information online and undermine the personal safety and information security of citizens. For unethical and dishonest behaviors that violate laws and regulations, Huobi will firmly resist and will take legal action when necessary.
Huo Bi bravely speaks out against relevant untrue remarks"No, but Huobi still maintains an open mind to accept the opinions and suggestions of the industry, and will continue to optimize and improve based on these suggestions to be an attitude, responsible, and enterprising encrypted asset trading platform.
Finally, Huobi also hopes to work with the majority of practitioners in the industry to maintain industry order, resist malicious speech, and be a powerful guardian and builder of the Web3.0 world!
