Market question: Huobi Insolvent in 2023?
Category: Crypto
Tags: Crypto, insolvency, finance, huobi, All

This market will resolve to "Yes" if official information released by Huobi, official representatives of Huobi (e.g. lawyers, spokespeople, etc.), or a consensus of credible reporting announces by December 31, 2023, 11:59 PM ET that Huobi is insolvent or is filing/has filed for any variety of bankruptcy.

This market will also resolve to "Yes" if Huobi withdrawals for BTC and/or ETH are suspended for a majority of users for at least 7 full days (168 hours) in a row by December 31, 2023, 11:59 PM ET. The primary resolution source for this settlement criterion will be official information released by Huobi, official representatives of Huobi (e.g. lawyers, spokespeople, etc.), and a consensus of credible reporting.

If neither of the above criteria are met, this market will resolve to "No".

Huobi withdrawals being suspended for a majority of users means that a majority of users are unable to withdraw their BTC and/or ETH from Huobi (E.g. If a majority of users are unable to withdraw their ETH from Huobi, it will satisfy the condition.)

If Huobi suspends withdrawals on a day in the last week of December (e.g. They halt token withdrawals on December 30, 2023, 4 PM ET), this market will not resolve until either: 1) withdrawals are reenabled before 7 full days (168 hours) pass, resulting in a "No" resolution; 2) 7 full days pass (December 30, 2023 - January 6, 2024, 4 PM ET) where withdrawals are suspended, resulting in a "Yes" resolution.


Outcome: No