Justin Sun’s “exchanges” HTX and Poloniex are still closed. Will they ever open up again?

Most of us have heard about the mysterious “hacks” of Poloniex and HTX in the last weeks. Most of us know that Justin Sun is a scammer and everything that he touches should be seen as high risk gambling. So after knowing his story it is no wonder that the announced opening of his exchanges is late on time. Now because trust is at an all time low and withdrawals are closed for weeks, bots hardly manage to keep prices equal to other CEX which resulted in a decoupling of price (so far 1-2% below market price).

Rumors had it for years, that Poloniex and HTX (formerly Huobi) were beneath those CEX that run fractional reserves schemes against their unknowing customers (like FTX, OKX and Binance). It’s about time those CEX go down the abyss or buy back their customers claims. But I guess they just don’t have the liquidity to do that. So insolvency for all of them is the way forward.