{"id":379600,"date":"2023-03-10T16:08:01","date_gmt":"2023-03-10T16:08:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=379600"},"modified":"2023-03-10T16:12:58","modified_gmt":"2023-03-10T16:12:58","slug":"justin-sun-responds-to-huobis-ht-token-incident-with-a-100m-usdc-transfer","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/justin-sun-responds-to-huobis-ht-token-incident-with-a-100m-usdc-transfer","title":{"rendered":"Justin Sun Responds To Huobi\u2019s HT Token Incident With A $100M USDC Transfer"},"content":{"rendered":"
Tron founder Justin Sun has responded to the Thursday incident on the Huobi network with a significant donation towards the exchange’s liquidity fund.<\/p>\n
After Huobi\u2019s HT token dipped 93% on Thursday, Justin Sun came to the rescue. The Tron executive<\/a> made a successful $100 million USDC transfer toward the exchange\u2019s liquidity fund. The fund will help Huobi exchange protect against volatile drops in the HT token. Sun tried to explain the incident by saying, \u201cLeveraged liquidation on the market caused by a few users\u201d caused the rapid price dip and rebound.<\/p>\n We have transferred 100 million #USDC<\/a> to @HuobiGlobal<\/a>. Done. https:\/\/t.co\/0TbCsH2ixn<\/a> https:\/\/t.co\/XWeHI3FriZ<\/a><\/p>\n — H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) March 10, 2023<\/a><\/p><\/blockquote>\n\n