7 months ago
Justin Sun, the laminitis of the Tron network, owns implicit a 4th of the assets connected the HTX (formerly Huobi) speech reserves, arsenic revealed successful a screenshot of his wallet equilibrium disclosed connected societal media level X (previously Twitter) connected Feb. 27.
Although the screenshot lacks a elaborate breakdown of his portfolio, Sun’s full crypto holdings connected the level are equivalent to astir 28,614 units of Bitcoin, valued astatine astir $1.6 billion.
Sun shared this wallet equilibrium to asseverate his important engagement with HTX, a crypto speech wherever helium holds an advisory role. This disclosure comes successful effect to wide societal media allegations questioning his progressive level use.
Sun said:
“Personally, I usage astir each main exchanges and americium a protagonist of those exchanges. However, if idiosyncratic says I seldom usage HTX.com, that would beryllium inaccurate. I americium a dense idiosyncratic of HTX. My idiosyncratic usage of HTX is the aforesaid arsenic each HTX users, believing and trading.”
Meanwhile, Sun’s screenshot ignited respective debates wrong the crypto community, with immoderate suggesting that the representation mightiness beryllium fake.
Adam Cochran, a VC steadfast Cinneamhain Ventures partner, pointed retired the stark opposition betwixt Sun’s equilibrium and HTX’s reported Bitcoin holdings. He said:
“So Sun is claiming his idiosyncratic HTX equilibrium of BTC, is much than the full magnitude of BTC that HTX reports successful wallets (as sources by DefiLlama) So either fake oregon HTX has nary existent users different than Sun, oregon helium comingle a their assets arsenic his.”
HTX reserves
CryptoSlate investigation of antithetic on-chain work providers, including Arkham Intelligence and DeFillama, shows that Sun’s assets relationship for a important portion of the HTX reserves, albeit with immoderate variance.
According to Arkham Intelligence’s HTX dashboard, Sun’s assets comprise astir 27% of the exchange’s full reserves, valued astatine $5.9 billion. The dashboard highlights implicit 23,700 BTC valued astatine $1.4 cardinal and 9.3 cardinal Tron tokens, estimated astatine $1.3 billion, among the exchange’s apical holdings.
HTX balances (Source: Arkham Intelligence)Conversely, contrasting data from DeFillama suggests that Sun’s assets represent astir 50% of HTX reserves, with the exchange’s reserves valued astatine astir $3.83 billion.
Meanwhile, HTX’s publically disclosed reserve certificates bespeak holdings of astir $3.5 cardinal successful assets arsenic of Feb. 1. These assets encompass 540 cardinal USDT, 21,543 BTC, 109,000 Ethereum units, and 9.4 cardinal TRX tokens.
The station Tron laminitis Justin Sun’s $1.6 cardinal wallet equilibrium dominates HTX $4.9 cardinal reserves appeared archetypal connected CryptoSlate.
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