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Justin Sun reveals Poloniex issues prevent proof of reserves

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

Poloniex delists own WBTC product following depeg

The WBTC/BTC pair looks to have been removed from Poloniex completely, and the WBTC/USDT pair states, “Currently trading is disabled.”

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, 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.