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There are only 990,000 USDT left on the Huionepay chain, and all user withdrawals have been halted
According to on-chain data analysis by Bitrace, Huionepay(Huionepay) completely stopped user withdrawal services as of 1:00 PM on December 1st (UTC+8). There are currently only 990,000 USDT remaining at the on-chain address.
A previous announcement from the Huiwang Group stated that due to the impact of market conditions causing a wave of user withdrawals, it would implement "phased delayed repayments."
On-chain data shows that Huionepay's daily USDT outflow dropped sharply from 41.83 million at the beginning of the month to 7.17 million, and its Ethereum network operations had already run out of funds as early as the beginning of November.
Analysts pointed out that the joint sanctions by the UK and US against the Prince Group and Huiwang Group were the direct trigger for this incident, causing multiple core business addresses to be flagged as risky and leading to panic withdrawals by users.