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Huobi sees $64M outflows amid solvency and investigation rumors

Huobi, a cryptocurrency exchange, has experienced outflows of $64 million amid rumors of solvency issues and investigations by Chinese authorities. The outflows caused the exchange's total value locked to drop from $3.09 billion on July 6 to $2.05 billion. Rumors of the exchange's leadership being arrested in China were denied by a Huobi spokesperson, but at least one C-level executive has left the company in recent weeks. 

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