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Poloniex WBTC depegs threatening Justin Sun’s empire

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 directed wash trading scheme from his US apartment, SEC claims

Sun had previously asked for the suit, which alleges that he sold unregistered securities to US investors, to be dropped.

Justin Sun spent $28 million on a trip to space through Jeff Bezos’ Blue Origin. However, he’s so far missed six launches.

USDC issuer Circle has announced that it would no longer be continuing support for the stablecoin on Justin Sun’s TRON blockchain.

It’s not known when Sun will appear in court and it’s likely that his legal team will request another extension and subsequent delay.