Bitcoin24h $92,353.10+1.00%

Ethereum24h $3,150.06+0.03%

XRP24h $2.13+2.91%

BNB24h $892.89+0.57%

Solana24h $135.51+0.78%

TRON24h $0.2945+0.19%

Dogecoin24h $0.1506-1.39%

Cardano24h $0.3989+0.14%

Bitcoin Cash24h $655.36+1.72%

Chainlink24h $13.53+0.87%

‘Someone’ is taking advantage of HTX’s reserves

Justin Sun-owned HTX’s reserves are troubling, with most stablecoins being lent out and most of the BTC in an opaque tokenized variant.

Justin Sun’s Poloniex and HTX withdraw huge amounts from AAVE

Justin Sun-owned HTX and Poloniex have both used exchange wallets to withdraw hundreds of millions from AAVE.

Of Poloniex’s last 100 listings, 94 of them are so-called ‘memecoins,’ many of questionable quality or legality.

Poloniex has withdrawn from Staked USDT (stUSDT) on Ethereum, vastly dropping the utilization of the protocol.

Poloniex has a page on its website titled ‘Proof of Reserves,’ but this only shows how much Tron is on the platform.