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Justin Sun defends HTX while it lends 92% of its USDT on Aave

Justin Sun has taken to X to defend HTX’s reserves, however, a close review reveals HTX is lending 92% of its USDT on Aave.

Nobody knows why HTX is juggling $1B USDT on Aave •

HTX, the Justin-Sun advised exchange, has been depositing and withdrawing hundreds of millions of dollars worth of USDT on Aave.

Justin Sun’s USDD is receiving most of its assets from HTX and is depositing them into new vaults launched without approval from a DAO.

Justin Sun-advised HTX withdrew $570M from Aave, briefly spiking borrowing and lending yields, before depositing $600M back into the protocol.

HTX has registered one of its wallets under the “Sun” username for a special dinner that Donald Trump is hosting for $TRUMP investors.