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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.

Curve founder dumps CRV on Justin Sun to avoid liquidation

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.

Justin Sun-linked stablecoins, including TUSD, have been struggling amid rumors that Prime Trust had paused minting and redemptions.