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.
Justin Sun-advised Huobi controls 85% of ‘decentralized’ stUSDT
stUSDT, a form of staked tether invested in “real world assets” that pays yield to users, is highly centralized.
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Tether executives have brushed shoulders with crime since its inception—by Protos Staff
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Floor price of Stoner Cats NFTs up 250% after SEC action—by Protos Staff
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Soulja Boy and Austin Mahone lose to SEC, Justin Sun still to respond—by Protos Staff
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Fortress Trust says ‘no loss of funds’ as its customers’ crypto was stolen—by Protos Staff
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X keeps 99% of ad revenue from most creator payouts—by Protos Staff
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David Bailey accuses Barry Silbert of using customer funds to pump GBTC—by Protos Staff
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Joseph Bankman warned Scaramucci about FTX—by Protos Staff
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Family office Nima Capital unofficially exits from Synapse token—by Protos Staff
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Another Binance executive jumps ship amid regulatory woes—by Protos Staff
