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Security Agency: Huionepay Chain Left with Only 990,000 USDT, Suspends User Withdrawals
Summary: According to reports, Huionepay Group announced that due to recent changes in the external market environment, millions of users have rushed to withdraw their funds in a short period of time. In order to ensure the safety of user funds and the smooth progress of future payments, a phased delay in payments has been implemented. ...
According to reports, Huionepay Group announced that due to recent changes in the external market environment, millions of users have rushed to withdraw their funds in a short period of time. In order to ensure the safety of user funds and the smooth progress of future payments, a phased delay in payments has been implemented. Bitrace, a security agency, stated that Huionepay mainly operates its stablecoin payment business on the Ethereum and Tron networks. Huionepay's USDT daily withdrawal amount has decreased from a high of 41.83 million at the beginning of the month to 7.17 million on the 30th. On December 1st at 13:00 UTC+8, Huionepay processed its last user withdrawal request and completely stopped small withdrawals. Despite ongoing fund collection activities, funds are no longer flowing to regular user addresses, but are being transferred in large amounts. As of December 2, 2025, HuionePay's on-chain address only has 990,000 USDT left, confirming the cessation of operations on December 1st as announced by Huione Group.
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Link: Security Agency: Huionepay Chain Left with Only 990,000 USDT, Suspends User Withdrawals [Copy]
