Seychelles-based crypto firm Huobi Global rejects mass layoff rumours: Report

Seychelles-based crypto exchange Huobi Global has called "large-scale layoff" reports "untrue" and rejected allegations that two of its top executives resigned, Cointelegraph reported. This comes after Chinese journalist Colin Wu claimed that the company's CEO and CFO resigned, and that it is preparing for "large-scale" layoffs. "Some cost-cutting could be on the cards," a spokesperson added.