Huobi: Has withdrawn all funds from Signature Bank and Silvergate Capital

ChainCatcher news, according to Jin10, Huobi has withdrawn all funds from Signature Bank and Silvergate Capital, while the funds of the exchange's customers remain unaffected.

A Huobi spokesperson stated, "Huobi previously had a bank account with Silvergate, but all assets were transferred out some time ago, and there is currently no financial partnership." They added that the funds held at Signature Bank have been withdrawn and sent to other financial institutions. Sun Yuchen stated that their business has not been affected by the collapse of those banks. (source link)