Justin Sun’s empire may be on the verge of collapse
A close review of Justin Sun's wallets and entities reveals assets being quickly moved with inadequate disclosure.
Results for Justin Sun
162 stories, newest first
TrueUSD bank FlowBank forced into bankruptcy
FINMA claims that FlowBank "no longer has sufficient capital for its operations as a bank" and says it's worried the bank is "over-indebted."
— BitTorrent, Crime
Scoop: Justin Sun shot down BitTorrent moderation despite porn concerns
Justin Sun pushed a no-moderation policy at file-sharing giant BitTorrent, according to documents received by Protos.
Poloniex delists own WBTC product following depeg
The WBTC/BTC pair looks to have been removed from Poloniex completely, and the WBTC/USDT pair states, "Currently trading is disabled."
— Justin Sun, Legal
Scoop: Justin Sun falsely claimed diplomatic immunity in lawsuit
Justin Sun claimed his ambassadorial role granted him diplomatic immunity. Unfortunately, this only applies while on official business.
Justin Sun’s empire crumbles as USDD depegs again
Sun's USDD is meant to stay priced at a dollar via a series of algorithmic mechanisms but it's deviated 3% and currently trades for $0.97.
Poloniex WBTC depegs threatening Justin Sun’s empire
Poloniex, a Justin Sun-owned exchange, offers a WBTC product on Tron that's currently trading at a more than 20% discount on Poloniex.
— Justin Sun, SEC
Justin Sun directed wash trading scheme from his US apartment, SEC claims
Sun had previously asked for the suit, which alleges that he sold unregistered securities to US investors, to be dropped.
Justin Sun affiliated TrueUSD market cap collapses 50% in 7 days
This dramatic fall in the market cap of TrueUSD follows Binance's delisting of several TrueUSD pairs on March 15.
Justin Sun’s $28 million trip to nowhere
Justin Sun spent $28 million on a trip to space through Jeff Bezos' Blue Origin. However, he's so far missed six launches.