Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company

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Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company
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.huobiglobal's exchange token is down 11% on reports of layoffs and internal strife at the company. thesamreynolds reports

Reports that Huobi is dramatically cutting headcount, requiring employees to take their salaries in stablecoins, and closing internal staff communication channels to quell a rebellion have taken a toll on its exchange token and trading volume.during the last 24 hours, to $4.67 as of morning East Asia time. The token is down nearly 30% over the past month.

During the last 24 hours, the measurement of normalized volume at the exchange is down 23% to $395 million from $510 million.

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