Huobi Talks About Lessons Learned from Socialized Losses – Bitcoints

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Published on July 19th, 2015 | by bitcoin

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Huobi Talks About Lessons Learned from Socialized Losses

This, however, does not cover the 54% share of the socialized losses.
We discussed lessons learned from their own problems with socialized losses on BitVC last year, new enhancements they’ve added to BitVC, and their risk-control methodology.
Now we have designed an alternative.
”— Wang HuaiqiangCT: Does Huobi still use socialized losses?Enabling transfer between BitVC, Huobi and BitYes offered a much more convenient way of asset management between  accounts under Huobi brand (see also here).
Huobi Representative: Huobi believes that an exchange platform should be responsible and secure for all of its users.

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