Cryptocurrency exchange Huobi has placed a fraudulent FTX User Debt token

Huobi, a cryptocurrency exchange owned by billionaire entrepreneur Justin Sun, may be at the center of a scandal. The fact is that the listing on the trading platform somehow received the FTX User Debt (FUD) token, an asset created by fraudsters intending to make money from the victims of the collapse of the infamous FTX exchange.

FTX’s restructuring team has already drawn public attention to the issue and publicly stated that the company has not issued any debt tokens:

FTX remind stakeholders to be on the lookout for scams from organizations claiming to be affiliated with FTX. FTX has not issued any debt tokens and any such offers are unauthorized.

In their statement to the community, FTX representatives did not point to any specific tokens, but it is likely that they were referring to FTX User Debt (FUD), which was registered on Huobi on February 7 this year.