Bitcoin24h $103,950.52-0.82%

Ethereum24h $3,262.51-4.44%

XRP24h $3.18-0.86%

Solana24h $253.93+17.14%

BNB24h $698.43-3.42%

Dogecoin24h $0.3896-5.02%

Cardano24h $1.06-5.65%

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Avalanche24h $38.60-5.37%

Chainlink24h $23.67-3.17%

Poloniex proof-of-reserves and WBTC backing missing

Poloniex’s promised proof-of-reserves is still missing as it refuses to disclose the backing for WBTC on Tron.

Former Grenada ambassador Justin Sun is entering a world of pain

Justin Sun is no longer an ambassador or ‘His Excellency.’ Options are running out as problems pile high for the Tron founder.

Sun’s problems have snowballed since the collapse of FTX and the unmasking of Sam Bankman-Fried as a giant fraud.

The SEC claims that Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry Inc. engaged in a scheme involving wash trading.

Justin Sun’s Huobi has announced it will list the FTX User Debt (FUD) token issued by the DebtDAO, though details are sparse.