Justin Sun responded to the abnormal fluctuation of HT: it was caused by a series of forced liquidation triggered by a small number of users in the spot and contract markets

Justin Sun tweeted in response to the abnormal fluctuations in HT, "Everything is safe and operating normally at Huobi. The recent market fluctuations and leveraged positions are due to a series of forced liquidation caused by a small number of users in the spot market and HT contract market. At present, all work It’s all progressing steadily, there have been no unexpected incidents, and these fluctuations are just the result of market behavior.”