Bitcoin24h $75,849.03-1.46%

Ethereum24h $2,401.70-3.04%

BNB24h $709.77-1.05%

XRP24h $1.29-8.17%

Solana24h $97.16-3.63%

TRON24h $0.3348-1.23%

Zcash24h $1,193.04+4.58%

Hyperliquid24h $77.51-2.00%

Dogecoin24h $0.0798-3.50%

Monero24h $502.06-3.23%

What happened to HTX’s 700 million missing TRX?

In June, approximately 700M TRX left the HTX reserves. We were able to track these assets to the addresses they ended up in.

We found HTX’s reserves at Poloniex

HTX recently moved huge portions of its reserves to an undisclosed third-party. We’ve tracked funds out of HTX wallets into Poloniex.

We calculated the present value of STRC and compared it to various metrics that reveal the difficult math behind BTC yield.

Justin Sun-owned HTX’s reserves are troubling, with most stablecoins being lent out and most of the BTC in an opaque tokenized variant.

Tether, the world’s largest stablecoin, has family members in top leadership positions and in partner firms.