Justin Sun Flaunts Billion-Dollar Crypto Stash on HTX Exchange
In a recent development, Justin Sun, a prominent figure in the cryptocurrency sphere, has made headlines once again, this time by showcasing his involvement with the HTX cryptocurrency exchange.
Taking to social media, Sun shared a snapshot of what he claims to be his HTX wallet, boasting an impressive holding of 28,614 bitcoins, currently valued at approximately $1.6 billion. Sun’s motive behind the post seems to be addressing doubts surrounding his utilization of HTX, despite his prominent advisory role within the company.
Asserting his active participation across various exchanges, Sun refuted claims of sporadic HTX usage.
My personal HTX account balance (just for those who are saying I'm not using HTX much) @HTX_Global pic.twitter.com/TtbiDWHLRZ
— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 27, 2024
He emphasized his firm support for exchanges and highlighted his substantial engagement with HTX, portraying himself as a fervent participant in the platform’s activities.
This revelation of Sun’s substantial cryptocurrency portfolio may not come as a complete surprise to those familiar with his tumultuous journey in the crypto world. However, the timing of his disclosure amidst ongoing legal challenges is noteworthy.
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Sun has faced allegations from the Securities and Exchange Commission (SEC), accusing him of orchestrating schemes to artificially inflate trading volumes and distribute unregistered securities. The SEC’s legal pursuit aimed to restrict Sun and his entities from offering securities, including digital assets.
Furthermore, Sun’s involvement as an advisor to Huobi, a major cryptocurrency exchange, adds another layer to his narrative. Huobi’s rebranding to HTX under Sun’s guidance signals a strategic move towards international expansion and diversification beyond its Chinese origins.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
