Chinese cryptocurrency exchange Huobi has responded to mounting accusations it has “colluded” with EOS on “mutual voting” practices, Tuesday, October 2.

In a brief statement, the exchange said an investigation into the allegations which Cointelegraph reported on October 1 was “still ongoing.”

“Based on the initial investigation, there were no financial contracts involved between Huobi and any third party,” the statement reads.

“The investigation is still (ongoing) and therefore, we seek your patience and co-operation in this matter.”

Cointelegraph will continue to report on this story as further information becomes available.