Xinhuo Technology: Subsidiary Hbit has certain capital exposure on FTX, but no capital exposure on Genesis

New Huo Tech tweeted in response, “Hbit, a subsidiary of New Huo Tech, has a certain amount of capital exposure on FTX, and is actively taking various solutions to this, including taking legal measures to recover losses as soon as possible. At the same time, I hope to be responsible to the platform customers with the attitude of "priority of compensation and simultaneous recovery". The company's major shareholder Mr. Li Lin has reached an unsecured zero-interest financing agreement with Xinhuo Technology, and the company is operating normally. In addition, Xinhuo Technology and its subsidiaries The company does not have any capital exposure to Genesis." Foresight News previously reported that Justin Sun tweeted that the listed company Xinhuo Technology has no relationship with Huobi, and that Xinhuo Technology may have risk exposure to FTX and Genesis.