Justin Sun, global advisor of HTX cryptocurrency exchange and founder of the TRON Blockchain, took a look at his personal HTX wallet. Through a post on social media platform This statement comes amid controversy and skepticism within the crypto community over its active use and support of HTX, despite its important role within the company. Here are the details…
TRON founder reveals his Bitcoins
The cryptocurrency community was recently rocked by the surprise reveal of Justin Sun’s HTX wallet, which reportedly housed 28,614 Bitcoins worth $1.6 billion. Sun, the founder of the Tron blockchain, shared a screenshot on his X account that aims to show his active relationship with HTX, a crypto exchange for which he serves as an advisor. However, renowned crypto voice Adam Cochran raised doubts about the veracity of Sun’s claims and sparked debate within the community.
In a bold move, Justin Sun showcased his HTX wallet via a screenshot from his X account, highlighting his active involvement with the HTX platform. Sun has denied claims of isolation from the exchange, adamantly maintaining that he uses HTX extensively. He claims to be an avid supporter and investor of various leading crypto exchanges, emphasizing that his HTX usage is on par with other users.
Cochran’s claims
Despite Sun’s claims, Adam Cochran, a leading figure in the crypto world, cast doubt on the consistency of Sun’s claims. Cochran noted a significant disparity between Sun’s reported Bitcoin holdings and HTX’s total BTC holdings.
According to Cochran’s findings, HTX allegedly owns $1.342 billion worth of Bitcoin, which falls short of the $1.6 billion in BTC holdings reported by the Sun. Cochran’s analysis raises questions about the veracity of Sun’s statement and points to possible inconsistencies in the management of HTX’s assets.
Cochran’s allegations, as well as the revelation of Justin Sun’s significant Bitcoin holdings, have left the crypto community in limbo and speculation. Some members question the transparency and integrity of Sun’s statements, while others express concerns about the management of assets on the HTX platform.
SEC investigation
Meanwhile, the SEC alleges that Sun and his partners raised more than $70 million from investors through an illegal and unregistered TRON token offering in 2017. The SEC also alleges that Sun and his team manipulated the price of TRON tokens by spreading false information and engaging in market manipulation. cryptokoin.com As we reported, Sun denied the allegations and said it was cooperating with the SEC. He also continued to launch new projects and initiatives in the crypto industry, such as BitTorrent, JustSwap, and SUN.
Sun is known for his outspoken and sometimes controversial statements on social media, as well as his lavish spending and publicity stunts. He once paid $4.6 million to have lunch with Warren Buffett. He also apologized to Chinese authorities for “overmarketing” TRON in 2019.
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