Odaily Planet Daily News: Xinhuo Technology (formerly Huobi Technology) announced on the Hong Kong Stock Exchange that its subsidiary Hbit Limited has approximately USD 18.1 million worth of cryptocurrencies stored in the cryptocurrency trading platform FTX. Since FTX's group entities (including FTX) filed for bankruptcy protection in the United States on November 11, 2022, it may not be possible to withdraw the above-mentioned cryptocurrency assets from FTX. The Group reached an agreement with Mr. Li Lin, the controlling shareholder and non-executive director of the Company, on November 13, pursuant to which Mr. Li agreed to provide the Group with additional unsecured financing of up to US$14 million. The Company will use shareholder financing to pay for customer assets and liabilities arising from the incident when necessary.