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‘Someone’ is spamming thousands of addresses with stUSDT

A single address spent several days spamming thousands of addresses with stUSDT after receiving a small amount from Huobi.

On-chain data shows Justin Sun controls virtually all stUSDT

Around 99% of stUSDT is controlled by Justin Sun and Justin Sun-connected entities such as Huobi, despite lacking the promised DAO.

Michael Egorov has sold over 39 million CRV tokens in OTC deals to protect against his huge loan position being liquidated.

One of FTX’s general counsels was involved in an attempted acquisition of TrueUSD by Tron and Justin Sun, according to a lawsuit.

stUSDT, a form of staked tether invested in “real world assets” that pays yield to users, is highly centralized.