-
Dogecoin Lead Dev Urges for Imminent DOGE Withdrawal Amid Huobi Insolvency Rumors
In an unexpected turn of events, Mishaboar, prominent developer and advocate of Dogecoin, issued an urgent call for the community to withdraw its DOGE holdings from Huobi amid escalating concerns of the exchange's insolvency. Addressing doubts about Huobi's reserves, the contributor cautioned that the widely touted proof-of-reserves concept, often used by exchanges as a display of financial health, can be misleading and fail to reflect the true liabilities of an exchange. The alarm bells were initially amplified by crypto enthusiast Adam Cochran, who pieced together a trail of unsettling clues hinting at Huobi's dire ... (full story)