Huobi Korea seeks to separate from its parent company and change its name

Native media reported on Jan. 9 that cryptocurrency change Huobi Korea is making ready to purchase its shares from Huobi International and alter its title. About 72% of Huobi Korea’s shares are owned by Huobi International co-founder Leon Li. Huobi Korea’s president, Cho Kook-bong, would take Li’s stake within the Korean firm. Cho can be the proprietor of a serious cryptocurrency mining operation within the nation, in line with native outlet News1.

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Huobi has skilled a sequence of issues previously few days. Apparently, he deliberate to put off 20% of his employees on January 6, after withdrawals of funds amounted to USD 6 million within the final week.

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