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Huobi Global Denies ‘Large-scale Layoffs’ and Key Exec Resignations

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Huobi Global says it has no plans to conduct “large-scale layoffs” and has refuted reports that two of its top executives have resigned amid a takeover of the Seychelles-based crypto exchange. Reports that the company’s chief executive officer (CEO) Leon Li and chief financial officer (CFO) Chris Lee have resigned appeared to have originated from an Oct. 29 Twitter post from Chinese crypto blogger Colin Wu, citing “people familiar” with Huobi.

However, a spokesperson from Huobi Global told Cointelegraph that rumors there could be mass layoffs are "untrue" and that its senior management continues to perform their duties “as per normal.

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