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Tron Founder Justin Sun’s Bitcoin Holdings Revealed
Tron founder Justin Sun recently revealed his substantial Bitcoin holdings via a social media platform. In a screenshot, Sun shared that his HTX account contained 28,614 Bitcoin, which is worth $1.6 billion.
Justin Sun’s Support for HTX Exchange
Using the same social media platform, Sun expressed his support for the HTX exchange, stating, “Personally, I use almost all main exchanges and am a supporter of those exchanges. However, if someone says I seldom use HTX.com, that would be inaccurate. I am a heavy user of HTX. My personal use of HTX is the same as all HTX users, believing and trading.” Sun is an advisor of the cryptocurrency exchange HTX, formerly known as Huobi Global.
HTX Withdraws License Application
It was recently revealed that HTX withdrew its application for a license on February 23, without disclosing the reason for withdrawal.
Justin Sun’s Altcoin Withdrawals from Binance
In January, it was reported that Sun withdrew $60 million worth of altcoins from the cryptocurrency exchange Binance. The withdrawals included assets in Ethereum, Aave, Shiba Inu, Chainlink, and Decentraland.
Legal Troubles for Sun
In March of last year, the U.S. Securities and Exchange Commission (SEC) sued Justin Sun on allegations of fraud, market manipulation, and for airdropping unregistered securities. The SEC also charged Sun and his companies with fraudulently manipulating the secondary market for TRX through wash trading and orchestrating a scheme to pay celebrities to promote TRX and BTT without disclosing their compensation.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
