A wallet thought to belong to Tron founder Justin Sun has transferred 200 million USDT to Huobi.
While the news flows on Huobi continue, the reserve issue continues to remain on the agenda. The other day, Adam Cochran reported that Huobi was unable to meet its client assets and was on the verge of bankruptcy. Despite Huobi’s 600 million USDT requirement It is noteworthy that it has a reserve of less than 100 million.
After all these processes Justin Sun A move came from. According to WuBlockchain sun, to Huobi 200 million USDTtried to strengthen reserves by transferring
Justin Sun is trying to protect the Huobi reserves!
Amid the allegations against Huobi, the transfer took place from a crypto wallet thought to belong to Justin Sun. This wallet is for Huobi Transferred 200 million USDT.
According to a report by WuBlockchain, Sun’s wallet is from JustLend. Withdrawn 200 million USDT and transferred to bora. Thus, the exchange’s USDT reserve rose to 285 million. However, according to Adam Cochran’s posts, Huobi still has a deficit in client assets.
The wallet address marked as Justin Sun (TT2T17KZhoDu47i2E4FWxfG79zdkEWkU9N) withdraws 200 million USDT from JustLend and deposits it into Huobi. Huobi’s USDT reserves have also increased from around $85 million to the current $285 million. Recently, due to the investigation of…
— Wu Blockchain (@WuBlockchain) August 8, 2023
The hardening of the allegations and the subject of investigation, Huobi It also increases the pullback. Many crypto users continue to withdraw their assets from Huobi. However Justin sun announced that there is no problem in the stock market and that they continue to progress in line with their vision. Moreover sun, all these situations FUDstated that.
