Huobi Global’s Support for ETH Merger and Upgrade

Regarding Huobi Global’s announcement on ETH merger and upgrade on August 28, 2022 [View Details], due to the adjustment of leveraged business, the content of the original announcement will be changed.

The adjustment detail is as follows:

1. Suspension of margin loan services

Huobi Global will suspend the ETH cross-margin and isolated-margin loan business from 20:00 on September 9, 2022 to 8:00 on September 16, 2022 (GMT+8).

Isolated positions will not be affected until 9:59:59 (GMT+8) on September 13, 2022.

2. Premature repayment

Please be sure to repay the ETH borrowing operation before September 13, 2022 9:59:59 (GMT+8) to avoid possible losses caused by forced liquidation.

In order to avoid large market price fluctuations, the liquidation will be carried out in random batches, and the specific liquidation price is subject to the actual transaction.

3. Forced liquidation

Huobi Global will force liquidation of all cross and isolated ETH short positions on September 13, 2022 from 10:00-12:00 (GMT+8).

4. Airdrop crediting of forked tokens

Huobi Global will issue a screenshot based on the amount of ETH held in your leveraged account after forced liquidation.

5. Reopening of margin loan services

The specific time for Huobi Global to open the ETH loan business will be announced in the form of an announcement after the ETH merger and upgrade is completed.

Please manage your positions properly.

Please note that the risk of liquidation may be caused by violent price fluctuations during the bifurcation period.

Go to Huobi’s Official Website