Bitcoin24h $69,033.59+2.74%

Ethereum24h $2,027.43+4.42%

BNB24h $638.69+3.69%

XRP24h $1.36+1.22%

Solana24h $85.07+3.79%

TRON24h $0.2854-1.09%

Dogecoin24h $0.0912+2.83%

Cardano24h $0.2561+2.67%

Bitcoin Cash24h $449.22+0.61%

UNUS SED LEO24h $9.08+0.60%

Justin Sun keeps fighting with Huobi founder Li Lin

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.

HTX receives $500M USDT infusion then sends it away

The Justin Sun-advised crypto exchange received $500M USDT from Tether that it distributed to a variety of other addresses.

HTX has sent $406 million of the $502 million total TrueUSD to new addresses in the last few months, perhaps pending redemptions.

Justin Sun-advised HTX has redeemed thousands of wrapped bitcoin (WBTC), despite having no WBTC included in its proof-of-reserves.

Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves.