#justin sun

Justin Sun, the visionary behind Tron (TRX) and major investor in HTX (Huobi), has proposed a new career path for Gary Gensler, the chair of the U.S. SEC.

Justin Sun Secures a Place in Liberland’s Government Justin Sun, founder of the crypto platform Tron, has won the test elections to the Congress of Liberland, a self-proclaimed microstate located between Croatia and Serbia.

After breaching the X-account of Algorand's CEO, the hacker began a spree of satirical posts, sharing a variety of music, and amusingly altering the account's bio. One notable post included a fictional tale about Justin Sun, ambitiously seeking to promote Algorand for unrestricted access to the token minting to back TUSD.

Offering a deal of $10 million, Justin Sun has reached out to the hacker behind the Poloniex cryptocurrency exchange breach to recover the stolen funds. Sun asserts that the hacker's identity is no secret, with international law enforcement ready to intervene following a formal complaint from the exchange.

The court has granted Justin Sun additional time to respond to the SEC allegations, pushing the deadline to December 8. The SEC accuses Sun, along with Tron Foundation, Bittorrent Foundation, and Rainberry, of offering TRX and BTT tokens as unregistered securities, infringing upon U.S. legislation. Additionally, the SEC is leveling charges against Sun for manipulating the market value of TRX.

Renowned business analyst Adam Cochran recently shared insights concerning Huobi's financial state and its potential insolvency. Key takeaways from Adam's analysis: Investigation Underway: Both Huobi and Tron are facing scrutiny, with their staff being questioned by the police. Unusual Asset Distribution: After Justin Sun's introduction of wrapped USDT (stUSDT), a whopping 98% of user assets intended for Tether bond redemptions ended up in the wallets of Huobi and Justin Sun. Discrepancy with USDT Balance: Huobi's reported USDT balance is just $63 million, but their users hold a staggering $631 million worth of USDT. Something doesn't add up here. ETH Holdings in Question: It appears that Huobi is holding all of its users' ETH as stETH, raising eyebrows about their handling of customer assets. Binance Making Moves: Meanwhile, Binance is actively selling USDT and purchasing DAI, possibly indicating a shift in market dynamics. Outdated Reserves Page: It's been a whole month since Huobi last updated its reserve page, and discrepancies between the reported figures and wallet balances need clarification.

More than $100 million will be set aside to assist developers who use AI in blockchain applications. TRON is offering grants to teams representing the following areas: • e-commerce; • currency settlement; • data management; • market and investment analysis; • content generation. Content generation? But everyone is aware that Gagarin News is the leader in content generation! Therefore, even if Justin Sun gives us $20 million, we won't vanish!

Tron founder Justin Sun and Yearn Finance founder Andre Cronje allege that Coinbase demanded multi-million dollar fees to list their tokens on its platform, while Binance, for instance, charged them nothing.

This is exactly how Justin Sun now responds to the question, “What is TRON?” This label stems from the remarkable success of the SunPump platform, which has seen its TVL exceed $1 million on the TRON blockchain.

A recent Reuters article delves into the concerning use of Justin Sun's network in financing terrorist groups.

Yesterday, the Cyvers team raised alarms over a questionable HTX transaction. Their concerns grew when there was no communication in return. Fast forward to today, the damage is clear: 5,000 ETH, or $7.9 million, is gone, snatched by a hacker. The HTX team has proposed a 5% reward for the return of the funds. Should the hacker decline, they plan to engage law enforcement. "Compared to the $3 billion in assets held by Huobi HTX users, $8 million is a small number. This is only equivalent to two weeks of revenue from the HTX platform," Justin Sun stated in X. The underlying issue behind the breach has been eliminated, he adds, and the exchange will reimburse the lost amount.

Brian Armstrong has expressed his belief that Binance has transferred some of their USDC assets to a different stablecoin, according to anonymous sources in Cointelegraph. NotChaseColeman, an analyst, highlights that Binance and Justin Sun are strategically moving from USDT to USDC to secure USD, which will then be invested in FDUSD and TUSD (assets controlled by the company). Adam Cochran, a name we're familiar with, weighed in, drawing attention to the activities associated with Binance addresses. He observed: “Even with banks open in Asia and Europe and US coming online, USDT peg is off by the deepest sustained amount since the FTX fall out. Selling pressure once again coming in from the Binance.” Adam thinks the uncertainty surrounding USDT is at an all-time high, and the Curve Finance and Uniswap platforms are overrun with USDT. He was optimistic about a more promising USDT horizon today, but that seems to be deferred. BTC has touched the 28,710 threshold. Indeed, Mondays have their unique trials.

Justin Sun has purchased 5 million CRV from Curve founder Michael Egorov via OTC transactions at a price of $0.4. This move is set to marginally enhance Egorov’s position in FRAX. Along with Justin, seven other addresses conducted OTC transactions with Michael Egorov at $0.4 per CRV. Currently, CRV trades at $0.59. Hopefully, the Curve founder can avert the liquidation of his position; otherwise, it could have a negative impact on a large number of protocols in the ecosystem.

Justin Sun, the hype man of the century, is on it again. His Huobi exchange announced the listing of a provocative coin FUD (FTX Users Debt). The developers promise to buy back all the tokens in the future and use these funds to cover FTX's debts. Amid the announcement, the price of FUD soared by several hundred percent, but it rolled back quickly. There is a probability that the FUD token may become popular.