Recent allegations by prominent crypto researcher @ErgoBTC and a tweet by Adam Cochran have raised serious questions about the backing of TRC-20 Bitcoin on the Tron network. The controversy centers around a potentially unbacked mint of 60,000 BTC TRC20 (worth $1.2billion) by Justin Sun and a transfer to JustLend, a decentralized lending platform on the Tron blockchain, for a 600 million USDC loan. @ErgoBTC’s investigation delves deeper, examining the presence of the alleged 114,000 BTC on the Bitcoin blockchain.

Tron founder Justin Sun's recent TrueUSD (TUSD) transactions have raised concerns in the cryptocurrency community. Crypto analyst Adam Cochran highlighted Sun's actions, including minting $62 million worth of TUSD, withdrawing $50 million in USDT from Huobi, and depositing $50 million in USDT on Bitfinex.

@tier10k said：Archblock Founder Claims Justin Sun Was Secret TUSD Acquirer in Lawsuit.

According to recent data, Justin Sun has actively redeemed 30,000 stETH from two separate wallets, which could cause uncertainty in the market and lead to a decline in interest in stETH. However, Lido's revenue and activity on the protocol have remained unaffected at press time, with a 40.6% increase in the number of active users on the protocol in the last week.

Monitoring News, Justin Sun transferred 23,000 $ETH ($43M) to Poloniex. Justin Sun transferred a total of 67,500 $ETH ($126M) to #Poloniex in 7 transactions over the past year.

June 27 (Cointime) -Cryptocurrency exchange Huobi Global announced that it will delist 10 "trading pairs" related to the USDD stablecoin issued by the TRON DAO reserve backed by digital asset entrepreneur Justin Sun, mainly involving Cardano, Solana, ApeCoin, Polygon, Filecoin and Ethereum Classic and other tokens. Additionally, trading pairs ARPA, GAS, QTUM and ZKS paired with Bitcoin will also be removed from the platform. Huobi said the changes were to provide users with a better trading experience.

June 26 (Cointime) - The AAVE market has seen a surge in speculation due to the activities of Tron founder Justin Sun and an anonymous whale. Sun recently deposited over $776k worth of AAVE tokens into Huobi, adding to his previous deposits into Binance.

June 26 (Cointime) - According to Lookonchain, Justin Sun deposited all 11,910 $AAVE($776K) into #Huobi 20 mins ago.Justin Sun deposited 49K $AAVE ($16M) to #Binance on Oct 27, 2021, when the price was $327.And deposited 59.5K $AAVE ($8.8M) to #Binance on Jan 28, 2022, when the price was $148.

June 22 (Cointime) - Justin Sun, the founder of Tron network and a crypto billionaire, withdrew $29.7 million worth of ether (ETH) from Lido Finance's liquid staking platform and transferred the tokens to Huobi exchange, according to blockchain data. Sun's wallet received 15,805 ETH from Lido's withdrawal address and deposited 15,815 ETH to Huobi through an intermediary address, indicating a possible intention to sell. Despite the transaction, Sun's wallets still held 287,855 of Lido's staked ether (stETH) tokens, valued at around $543 million.

June 21 (Cointime) - Li Lin, the founder of Huobi, has filed a lawsuit against Huobi Global for trademark infringement, claiming that the crypto exchange resumed the use of the "Huobi" trademark without permission from his company, X-Spot.