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Huobi advisor Justin Sun has invited PayPal to issue the stablecoin on Tron.
Oluwapelumi Adejumo 2 min read 
Huobi struggles to maintain trust amid accusations of artificially boosting DeFi applications with undisclosed reserves.
Malaysia's Securities Commission advised Huobi users in the country to withdraw their assets from the platform immediately.
Huobi founder Li Lin reportedly promised to pay a 10-times compensation if Justin Sun's allegations are true.
Despite revelations about FTX's lax business practices, some crypto firms continue to operate without transparency and accountability.
Justin Sun-related blockchain networks urged memecoin developers to use their ecosystems for their token development.
Bitcoin (BTC) dropped below two psychological price barrier in the last 24 hours to liquidate $66.14 million long positions.
The Huobi advisor commented on the fallout of charges against his other projects.
CryptoQuant's data showed that Huobi's reserve dropped by $72.4 million in the last 24 hours.
