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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.

61% of USDD collateral now in one vault — funded entirely by HTX

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.

Justin Sun and Li Lin’s years-long dispute has spilled onto X, with Sun claiming that HTX/Huobi had a $30 million hole when it was purchased.