Huobi's Work Report on Asset Transparency (I)

Following the 2022-11-12 announcement where Huobi called for all crypto exchanges to take actions to improve security and transparency, to show our determination in and commitment to promoting transparency, Huobi is acting now to disclose the balance details of our hot and cold wallets and make this disclosure a routine going forward. Listed below is an inexhaustive overview of our asset reserves details:

Overview:

BTC 32K

ETH 274K

USDT 820M

TRX 9.7B

List of wallet addresses:

In early October 2022, About Capital completed the acquisition and became the majority shareholder of Huobi. During the due diligence and takeover process, Huobi already performed a Merkle Tree Proof of Reserves audit. To further enhance users' confidence and accelerate our efforts in improving transparency, we are working to perform another Merkle Tree Proof of Reserves audit with a third party within 30 days.

Since our founding nine years ago, Huobi has always adhered to the principle of “Users First” and we have always prioritized our users’ interests and the security of our users’ assets. It is also our promise and commitment that users' assets shall be protected intact, not appropriated, and fully redeemable and withdrawable. We will, as always, remain as the guardian of assets for all our users who have placed their trust in us.

Huobi Global

November 13, 2022

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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi Global. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.