Bitcoin24h $104,691.88+0.61%

Ethereum24h $2,533.85+0.21%

XRP24h $2.18+1.33%

BNB24h $659.03+0.16%

Solana24h $157.10-0.27%

Dogecoin24h $0.1934-0.11%

TRON24h $0.2655-1.22%

Cardano24h $0.6872-0.99%

Hyperliquid24h $33.13+1.92%

Sui24h $3.26+1.08%

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.

Justin Sun proposes billion-dollar fund to save crypto

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.