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Justin Sun

ALL From Justin Sun

Justin Sun: I don’t think Tron and Ethereum are competitors, I believe multi-chain is the future

Justin Sun posted on X platform, stating that he believes in the future of multiple chains and does not consider Tron and Ethereum to be competitors. HTX supports many Ethereum projects, and he believes that no blockchain can meet the diverse needs of every person on earth because the demand varies greatly around the world. Our commitment remains to focus on providing the best solutions and embracing every promising project in the blockchain field.
Justin Sun: I don’t think Tron and Ethereum are competitors, I believe multi-chain is the future

Justin Sun's address on Tron transferred 90 BTCT to the black hole address, worth $2.58 million

According to Pai Shield monitoring, Sun Yuchen's address (0x3Ddf...5296) on the BNB Chain redeemed 119,700 TUSD from Venus and transferred it to Binance. In addition, 90 BTCT (worth about $2.58 million) was transferred from Sun Yuchen's address on Tron to a black hole address.

Justin Sun’s Address Withdrew Approximately 23,000 ETH From Lido, Equivalent to Approximately US$37.7 Million

According to monitoring data from PeckShield, on October 7th, Justin Sun's address withdrew about 23,000 ETH (approximately $37.7 million USD) from Lido. The address had previously withdrawn about 19,999 ETH from Lido and deposited it into Binance one day prior.

Justin Sun Converted 340,000 TUSD and 500,000 USDT to USDC, and Transferred 300,000 USDC and 61 ETH to Poloniex

According to Pai Shield monitoring, an address marked as Justin Sun has converted about 840,000 stablecoins (including 340,000 TUSD and 500,000 USDT) into about 840,000 USDC.Subsequently, the address transferred 340,000 USDC to Huobi Deposit and 300,000 USDC and 61 ETH to Poloniex.

Justin Sun redeemed 146.13 million DAI from MakerDAO

PeckShieldAlert has monitored that Justin Sun redeemed 146.13 million DAI from MakerDAO and exchanged it for 16.86 wstETH. Justin Sun's related address 0xBCb7 redeemed 59.9 million DAI from MakerDAO and exchanged it for 67,000 wstETH.

Justin Sun Currently Mortgages a Total of 330 Million US Dollars Worth of stETH, Minted 117.8 Million DAI and Deposited It Into MakerDAO

August 10th, Justin Sun has currently staked a total of 157,000 stETH (worth approximately $330 million) and minted 1.178 billion DAI, which has been deposited into MakerDAO to earn its current 8% deposit interest rate. Based on the current deposit interest rate, Justin Sun's 1.178 billion DAI is expected to earn $6.53 million in one year, or approximately $17,900 per day.

Justin Sun Mortgaged 190 Million US Dollars of stETH To Mint 77.8 Million DAI 7 Hours Ago and Deposited It in MakerDAO

According to Twitter user Yu Jin monitoring, Sun Yuchen pledged 102,462 stETH coins (190 million US dollars) 7 hours ago to mint 77.8 million DAI coins, and then deposited the DAI coins into Maker. Currently, the DAI deposit interest rate (DSR) is 8%.

Tron Founder Justin Sun Buys 5 Million CRV Tokens to Protect Against Bad Debt Situation

Justin Sun, founder of Tron blockchain, has purchased 5 million CRV tokens from Curve Finance founder Michael Egorov's wallet to protect against a possible bad debt situation. Sun paid an average price of $0.4 per token in an over-the-counter transaction, amounting to just over $2.3 million. Egorov's loan could be liquidated at a price level of $0.37, which is lower than Sun's purchase price. Other DeFi players also stepped in to purchase discounted CRV tokens via OTC trading after Sun's purchases.

Justin Sun Shows Support for Curve and Calls for Stronger Security Measures To Protect the DeFi Ecosystem

Curve, a critical DeFi infrastructure for the blockchain industry, has suffered an attack, and Justin Sun has expressed his support for the affected team and users. He called on the community to strengthen security measures to protect the safety of the decentralized ecosystem. Sun stated that "We are here to support!"

Binance Adds Controversial Stablecoin FDUSD to Platform Amid Allegations of Justin Sun's Involvement

Binance has added a new stablecoin called First Digital USD (FDUSD) to its platform, which has sparked controversy within the crypto community due to allegations linking it to Justin Sun and TrueUSD (TUSD). The stablecoin is issued by Hong Kong-based digital asset custodian First Digital Trust and aims to provide users with a reliable means of conducting transactions.