Huobi Global: The executive team is performing their duties normally, and the rumors of large-scale layoffs are false

ChainCatcher message, in response to recent rumors, Huobi Global stated that the executive team is performing their duties normally, and the rumors of large-scale layoffs are untrue.

Currently, Huobi Global has good cash flow, and the new shareholders have completed their capital injection. Key regional markets are showing good development momentum, and in the future, we will continue to increase investment in expanding international markets, recruitment, and exploring innovative businesses. Given the current sluggish market conditions, the company also needs to make corresponding adjustments and improve efficiency, preparing for "winter." In the long run, we will continue to be optimistic and increase our investment in Web3, the metaverse, and other business sectors.

Finally, we would like to reiterate that Huobi Global will always respect the laws and regulations of various countries and regions, safeguard the legitimate rights and interests of employees, and will not cross the red line.