More than 60% of Huobi’s Bitcoin has disappeared? And it is still decreasing

Huobi has been working on the implementation of the plan in many aspects since it issued an announcement on September 26 to orderly clear out existing Chinese users. Although currency-to-currency and OTC transactions were postponed to around December 15, contract transactions were cleared in advance.
The relevant process of contract liquidation is not only published on the official website, but also explained by Chain Finance. After the forced delivery, Huobi Contract generates a new transaction target. When users from mainland China click on the contract transaction interface, relevant prompts will appear.

It can be seen that Huobi Futures is indeed determined to clear out users from mainland China, and has also cleared out airdrop-related activities. According to the official website announcement, NFT, ALGO, WOO, BEL and other currencies will no longer be distributed after the November airdrop. According to the subsequent data, the official website specifically announced the last airdrop records of the above currencies. As for the subsequent airdrops, it is estimated that they will not be distributed again.
In addition, according to the on-chain tracking data released by the market, the number of bitcoins held in Huobi Exchange's known wallets continues to decrease. According to the latest data, the known bitcoin balance of Huobi Exchange has fallen to less than 70,000. Compared with the most recent peak of 189,800 on August 26, more than 60% has disappeared, and this data is still expanding.
As for where the missing bitcoins went, Huobi did not give an explanation. But according to Huobi's official website, they will guarantee 100% redemption of users' assets, and there are less than two months left before they completely clear out users from mainland China, so it is very likely that so many missing bitcoins were caused by users withdrawing their money. (IT Big Head)