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Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose

Justin Sun-advised HTX has redeemed thousands of wrapped bitcoin (WBTC), despite having no WBTC included in its proof-of-reserves.

Justin Sun advised to change his $6M banana every 7-10 days

The fine print of Justin Sun’s $6.2 million banana artwork means he can eat it as many times as he wants, so long as he replaces it.

Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves.

Coinbase has announced that it intends to delist Wrapped Bitcoin (WBTC) from December 19 because it no longer meets the listing requirements.

Since WBTC announced that Justin Sun would be involved in custody, several competitors have launched or taken advantage of the opportunity.