Huobi token activities stir concerns amidst large USDC transfers
Recent findings by Kaiko Research have brought to light unusual activities involving the Huobi Token, previously known as HTX. Significantly, a massive conversion of Tether (USDT) into USD Coin (USDC) has been observed over the last three months. Moreover, following these conversions, large transfers of USDC were sent directly to Binance, hinting at a close…