Bitcoin24h $75,117.06-2.53%

Ethereum24h $2,309.96-4.03%

XRP24h $1.42-3.61%

BNB24h $619.23-3.86%

Solana24h $84.67-4.33%

TRON24h $0.3299+0.85%

Dogecoin24h $0.0939-5.18%

Hyperliquid24h $43.01-3.83%

UNUS SED LEO24h $10.14-0.02%

Cardano24h $0.2451-5.19%

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.

Justin Sun confirms he has seven fingers

Justin Sun denied that a picture of him at his birthday party with seven fingers and grammatically incorrect birthday cakes was AI-generated.

HTX is deeply connected to controversial crypto entrepreneur Justin Sun, and its activities raise concerns about his control of user assets.

Justin Sun took to X to brag that he personally controlled 28,613 bitcoin on HTX, significantly more than HTX had in its last disclosure.

HTX has been including ‘collateral’ for the USDD algorithmic stablecoin in its reports, raising concerns about solvency.