Justin Sun's HR Forces Huobi Employees To Accept Salary In USDT/USDC Instead Of Fiat

The Human Resource department of Huobi is in talks with employees proposing a change of salary form from fiat currency to USDT/USDC and threatening dismissal for those who are not open to the proposal, according to a well-known crypto reporter.

Justin Sun, the founder of the Seychelles-based cryptocurrency exchange Huobi, has been actively sharing the achievements of his empire over the past year on Twitter, painting a vibrant and healthy ecosystem that crypto users can trust.

But based on recent claims, it appears that behind the glowing image the company advertises of itself, something unpleasant is happening.

Last week, Colin Wu, a Chinese reporter known for his exclusive news, shared that Houbi will not give year-end bonuses to its employees, cut its 1,200 workforce to only 600 to 800 workers and will reduce the salaries of senior employees.

"Justin Sun's Huobi exchange will cancel all year-end bonuses, and will prepare to lay off the team of 1,200 people to 600-800 people, and cut the salaries of senior employees, according to several insiders," the tweet read.

In a new tweet, Wu revealed that Huobi is talking with its employees about switching salaries from fiat to USDT or USDC. Those who are not willing to accept the new salary form are reportedly being contacted by the HR department on behalf of the company's CEO and those who reject the change could get terminated.

According to Wu, "Justin Sun's HR is communicating with all Huobi employees to change the salary form from fiat currency to USDT/USDC," noting that "employees who cannot accept it may be dismissed." Wu added that the recent move "sparked protests from some employees."

But Sun, who became an advisor to Huobi in October, brushed off rumors of mass lay-off, Chinese business news outlet Jiemian reported, citing an internal document written by Sun himself.

This is consistent with the CEO's previous tweet about hiring more female employees because of the company's commitment to inclusion and diversity. "At @HuobiGlobal, we are committed to diversity and inclusion in the workplace. That's why we are proud to announce that we will be hiring more female employees in the future," the tweet read.

"By hiring more female employees, we hope to not only create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry," Sun added.

International Business Times has reached out to the Huobi CEO for comments on these claims and will update this story as soon as we hear back.