— HTX, Justin Sun
Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose
Justin Sun-advised HTX has redeemed thousands of wrapped bitcoin (WBTC), despite having no WBTC included in its proof-of-reserves.
Bennett Tomlin
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Justin Sun buys more of Trump’s WLFI than it planned to sell
Justin Sun has purchased $30m worth of WLFI, the Trump-endorsed cryptocurrency project, more than the project said it intended to sell.
— HTX, Justin Sun
Justin Sun’s HTX redeems $500M in WBTC it wasn’t supposed to have
Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves.
— SEC, Stablecoins
TUSD up to 99.7% backed by speculative assets despite SEC settlement
Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.
CHART: FTX and Alameda execs get a total of 34.5 years in prison
Five FTX and Alameda Research executives have now been sentenced, with only three of them expected to serve any time in prison.
Coinbase to delist WBTC months after Justin Sun controversy
Coinbase has announced that it intends to delist Wrapped Bitcoin (WBTC) from December 19 because it no longer meets the listing requirements.
Donald Trump-endorsed World Liberty Financial still 32% off revised goal
World Liberty Financial is still approximately 32% off its revised fundraising goal, despite the endorsement of President-elect Trump.
Donald Trump’s AG pick Matt Gaetz has shady crypto associates
Matt Gaetz, the former Florida representative, has been nominated by Donald Trump to be attorney general, highlighting his crypto stance.
— DeFi, Justin Sun
CHART: The growth of WBTC competitors
Since WBTC announced that Justin Sun would be involved in custody, several competitors have launched or taken advantage of the opportunity.
How much Fairshake and its affiliates spent in your state
Fairshake and its affiliated Super PACs spent over $130 million on the 2024 election cycle, targeting races across the United States.