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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 took to X to brag that he personally controlled 28,613 bitcoin on HTX, significantly more than HTX had in its last disclosure.

Crypto exchange Poloniex has been added to the FCA’s naughty list after a string of curious hacks on Justin Sun’s entities.

Rumors are circulating that Justin Sun might be in the process of his final exit while many wallets associated with him have been hacked.