Hbit Limited, based in Hong Kong, is unable to withdraw $18.1 million in cryptocurrencies deposited in the now-bankrupt FTX. In a letter to shareholders on Monday, New Huo Technologies Holdings Limited, parent company of Hbit, stated that $13.2 million of the money belonged to clients from trading requests, while $4.9 million belonged to Hbit assets. “Because FTX group entities, including FTX, filed for bankruptcy protection in the United States on November 11, 2022, the cryptocurrency assets may not.. be withdrawn from FTX,” according to the statement.
