Is Huobi an insolvent exchange? 1 USD = 0.1$ ??? 🕒

There are more and more rumors, not yet confirmed, but! What are the consequences?

The rumors that are out there now: 
 

• Binance has started to sell the teaser en masse. Here are the reasons why. We probably don't know everything, but if it's true, Binance will definitely find out about the problems before we do because of its influence. Perhaps the potential sales are recognized by something we have yet to find out.
• All of this comes on the heels of the recent launch of stUSDT, which is positioned as a teaser analog to the 4.29% government bond.
• Huobi's balance sheets have seen some strange changes recently. 98% of stUSDT tokens are owned by Justin Sun or the Huobi exchange. Potentially, Huobi has assets worth only $63 million, when it should have $630 million. 

Currently, the scheme of possible fraud looks like this: people took stUSDT as a teaser, staking their assets, the money was transferred to Huobi, then people were supposed to receive their income, according to the plan, the money was supposed to go into bonds, but something went wrong. If everything is working, we should have seen $500 million transferred from Huobi's addresses to the Tron to buy back Tether to buy bonds and receive the promised yield, but there are no such buybacks.

The funds are then transferred to other addresses owned by Justin or Huobi. There is also information that most of this money is used for other purposes, such as the JustLend project, TRX, and others.

Together with all the assets, Huobi owns only $63 million, although user assets should be worth $630 million.
Until recently, the exchange had $90 million worth of assets, but 21 million teasers left the exchange. 1 USDT on Huobi = $0.1 if this turns out to be true.

But that's not all - ETH users have disappeared, they have been converted to stETH. There should have been 141k ethers on the exchange, but about half of them were converted to stETH by Justin. 
There are not many updates yet, we are waiting for meaningful comments and more facts, now we know that Huobi's representative assures that this is a fad, and Justin Sun tweeted "4", hinting at the falsity of the information.

Huobi is an ordinary top 3-4 exchange where various shitcoins are traded, which incredibly periodically go up by hundreds or thousands of %. Recently, Justin himself admitted that Huobi was unprofitable.

Justin Sun is an influential person in the crypto world who has not been involved in any serious scandals so far. If everything turns out to be true, we will see FTX 2.0. People are already starting to withdraw their funds en masse, but will everyone succeed? According to Twitter, no.

If not, it will be a new blow to the crypto market and another signal that this market needs to be regulated. 

If your funds are on this exchange, it is better to withdraw them, it will be safer. Even if the exchange's balance sheet is really short of $, you need to monitor the situation, because there are various options for solving the problem to provide the exchange with the necessary liquidity, but even so, this situation will only push regulators to act.