South Korean media outlet New1 reportedon Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to buy its shares from Huobi Global and alter its name. About 72% of shares in Huobi Korea are owned by Huobi Global co-founder Leon Li. Huobi Korean chairman Cho Kook-bong would take control of Li’s share in the Korean business. Cho is also the owner of a major crypto-mining operation in the country, according to News1.Huobi has experienced a number of problems in current days. It apparently laid off 20 %of its workforce on Jan. 6 after a$6 million outflow that week. Cast your vote now!Rumors of problems at Huobi Global had been flowing for weeks. It was among the initial partners for the city of Busan in its quest to become”the blockchain city of South Korea,”however it was dropped together with the four other worldwide partners late last year. Li sold his share in Huobi Global to Justin Sun in October. Related: 5 crucial takeaways from Huobi 2022crypto market report Huobi Korea was the nation’s second-largest exchange at the time of its certification by the Korea Internet and Security Agency in January 2021. According to the News1 report, the Korean exchange was stimulated into action by issue over the moms and dad company’s proof-of-reserves report released in December. That report showed Huobi Global had reserves of over$3 billion, but 43.3% of those reserves werein its self-issued Huobi Token(HT). Huobi’s HUSD stablecoin became briefly depegged in August. Huobi Korea 、 Huobiグループから離脱の動き-韓国のニュースサイトよるとHuobiの韓国支社であるHuobi Koreaは騒動が絶えないHuobiグループから株式を取得することで離脱し 、 独立して事業を運営することを検討していると報じられているhttps:// t.co/ KVOobYI9Vg — SOU ⚡ 全財産ビットコイン( @SOU_BTC )January 9, 2023 Huobi Global revealed strategies to move to Seychelles in early November and announced a tactical partnership with Poloniex on Nov. 30.