Huobi disclosed the balance details of hot and cold wallets in Huobi's Work Report on Asset Transparency (I).

According to the report, Huobi is currently holding 32K BTC, 274K ETH, 820M USDT, 9.7B TRX,  estimated total value of 3.5B USD.

"In early October 2022, About Capital buyout fund 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", Huobi added.