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Justin Sun-advised HTX plays games with its reserves

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

Justin Sun has more bitcoin on HTX than the exchange held last month

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.

Rumors are circulating that Justin Sun might be in the process of his final exit while many wallets associated with him have been hacked.

While Justin Sun quickly took to X to discuss the $8 million HTX hack, news of the loss was left to trickle into China through foreign media.