Huobi disclosed information about reserves

Cryptocurrency exchange Huobi shared information about the balances of hot and cold wallets. The estimated value of the platform's reserves was $3.5 billion. 

#Huobi's Work Report on Asset Transparency (I)
🔥#Huobi is acting now to disclose the balance details of our hot and cold wallets and make this disclosure a routine going forward.
👇

— Huobi (@HuobiGlobal) November 13, 2022

As of November 12, 2022, the exchange held on its balance sheet, including:

• More than 191 million Huobi Token (HT) tokens of its own
• 9.7 billion TRX
• 820 million USDT
• 274,000 ETH
• 32,000 BTC

The company promised to publish such reports on a regular basis. According to the statement, the exchange also hired an outside firm to conduct an additional audit of the reserves.