Justin Sun’s USDD removes 12,000 BTC without DAO approval
Despite Sun and USDD’s claims that it is governed by a DAO, there are no governance votes that seem to correspond to the change.
Despite Sun and USDD’s claims that it is governed by a DAO, there are no governance votes that seem to correspond to the change.
Sun is apparently keen to start a billion-dollar fund to save the entire crypto space in the midst of a 20% drawdown of most tokens.
Valkyrie is an investment management firm, and Justin Sun has previously claimed that he’s one of its largest shareholders.
A close review of Justin Sun’s wallets and entities reveals assets being quickly moved with inadequate disclosure.
USDD, an algorithmic stablecoin, stores part of its collateral at HTX, a fact that no partners were willing to address.