Coinbase has issued a rebuttal to a lawsuit by BiT Global, a Justin Sun-affiliated entity, challenging the exchange’s decision to delist Wrapped Bitcoin (WBTC). Paul Grewal, the firm’s Chief Legal Officer, announced the filing on X, saying that his company had offered its response to BiT Global’s effort to stop the delisting of WBTC before...Read More
Altcoins are leading the charge today as total crypto capitalization peaks at $3.68 trillion while Bitcoin remains range-bound. The top-performing digital asset over the past 24 hours is Tron (TRX), which has skyrocketed a monumental 70% to hit an all-time high of $0.431 during early trading on Wednesday in Asia. This has pushed TRX’s market...Read More
Justin Sun seems to be seizing every opportunity that crosses his path, with his latest move making waves in the industry. The founder of the Tron blockchain has become the largest investor in Donald Trump’s World Liberty Financial, investing $30 million in the project’s token. Justin Sun’s Bold $30M Bet On November 26th, Sun took...Read More
The art world appears to have moved over Picasso. There’s a new muse in town: a banana duct-taped to a wall. Crypto entrepreneur and Tron founder Justin Sun recently splashed a jaw-dropping $6.2 million at Sotheby’s New York for “Comedian,” Maurizio Cattelan’s viral “artwork” consisting of…well, a banana and some duct tape. And in true...Read More
Wrapped Bitcoin’s (wBTC) team has expressed surprise and disappointment at Coinbase’s decision to delist the token. In a statement shared on X, it urged the crypto exchange giant to reconsider this decision and continue supporting the trading of the token. The team said the token has positioned itself as a decentralized and transparent wrapped BTC...Read More
Tron founder Justin Sun has offered Gary Gensler, the beleaguered chair of the U.S. Securities and Exchange Commission (SEC), a job. The offer came to light in a recent X post, in which Sun expressed his willingness to hire Gensler provided he could “genuinely treat the crypto industry with sincerity.” SEC Chair Gets a Lifeline...Read More
Binance co-founder Yi He has spoken to recent speculation about listing fees on the platform, assuring the community that it operates with transparent policies. The address came in response to allegations by Moonrock Capital CEO Simon Dedic of costly listing fees on Binance. Binance Accused of Charging Exorbitant Fees for Crypto Listing On October 31,...Read More
Coinbase founder and CEO Brian Armstrong has denied speculations that the company has sold paper Bitcoin to BlackRock without maintaining a 1:1 backing. The allegations have caused debate in the crypto community, with some accusing Coinbase of lacking transparency in its Bitcoin reserves. Brian Armstrong Dispels the Rumors In a statement on X addressing crypto...Read More
In a post on X on Sept. 12, Justin Sun let rip at Coinbase, stating that its wrapped Bitcoin launch was a “dark day for BTC.” Sun said that cbBTC lacks proof-of-reserve, has no audits, and the company can freeze anyone’s balance anytime. He said it essentially is “just trust me,” as any U.S. government subpoena...Read More
Tron is currently seeing historic levels of trader interest on the backdrop of a newly launched meme coin deployer and price pump. According to Santiment, TRX has emerged as the top trending asset in the crypto market, fueled by the debut of – SunPump – on August 12th. Tron’s Meme Coin Boom Since the launch,...Read More
Cryptocurrency custody platform BitGo recently announced plans to transfer its Wrapped Bitcoin (WBTC) business to a joint venture with Hong Kong-based BiT Global. The move, intended to enhance security through a multi-jurisdictional and multi-institutional custody structure, has caused backlash due to the involvement of controversial crypto figure Justin Sun. Backlash Over Justin Sun’s Involvement In...Read More
As bitcoin and the rest of the market dump hard in one of the worst crashes in recent history, the community is actively trying to locate the source behind this cataclysm. Justin Sun, the founder of Tron and HTX’s advisor, was also blamed that he and his team were liquidated, which only intensified the market...Read More
Tron founder Justin Sun has urged China to reconsider its stance on cryptocurrency and embrace friendly policies. Sun’s call to action comes in the wake of former President Donald Trump’s speech at the Bitcoin 2024 event, where the former President pledged to prevent China from dominating the global digital asset industry. Sun Sees US-China Crypto...Read More
Justin Sun is back with another ambitious proposition. The Tron Founder has now set his sights on the German government’s BTC stash, boldly offering to buy it all off-market to “minimize the impact on the market.” It all started with the German government-labeled wallet’s suspicious transfer of 6,500 BTC on June 19, worth more than...Read More
In a shift within the cryptocurrency exchange landscape, HTX has surpassed Coinbase in spot trading volumes for the first time. This milestone was announced by Justin Sun, the founder of the TRON blockchain and a global advisor for HTX, via a post on the social media platform X on May 27. Sun Declares it’s ‘Just...Read More
Arkham’s latest data revealed that the top five identified crypto whales with publicly known wallet addresses collectively hold approximately $3.5 billion in digital assets. A few sit on a digital treasure trove but have no way to access it. Locked Out of Crypto Fortune This list features some of the most prominent names in the...Read More
The Virtual Asset Trading Platform (VATP) is a license provided by the government of Hong Kong that allows crypto exchanges to operate within the bounds of the region. Although the license has been available for several years now, only two exchanges – HashKey and OSL – are currently in possession of one. A number of...Read More
Crypto exchange HTX was again targeted by malicious actors on Friday – this time through a Distributed Denial of Service (DDoS) attack. Despite a short-lived outage, crypto billionaire Justin Sun has reassured followers that the exchange’s website has been restored, and all user’s funds are “SAFU.” Sun, who acts as an advisor to HTX, is...Read More
Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, Circle terminated all accounts belonging...Read More
Justin Sun, the founder of TRON and lead exec at Poloniex and HTX (formerly known as Huobi), promised an upcoming airdrop with assets to victims of the recent hacks against the two exchanges. He also updated the community that HTX had resumed withdrawals for a few TRX-related crypto assets. Recall the first hack against HTX,...Read More
Poloniex is gearing up to resume deposit and withdrawal services on its platform less than a week after a massive security breach. In the latest update, Poloniex stated that the majority of the restoration work has been finished, and the cryptocurrency exchange is currently functioning without issues. The platform disclosed its collaboration with a leading security...Read More
Over 175 different tokens with valuations exceeding $10,000 were stolen as part of a massive hack against the U.S.-based crypto exchange Poloniex on Friday, according to on-chain data. Since earlier today, estimates of the funds stolen in the hack have expanded to $125 million. What Hackers Took From Poloniex According to an X post from...Read More
Crypto exchange Poloniex appears to have suffered a breach, with approximately $63 million in various crypto assets being drained out of its hot wallet. Details are thin at the moment, and while Poloniex is yet to release an official statement, it did reveal that the exchange wallet has been disabled for maintenance and will be...Read More
Blockchain entrepreneur Justin Sun has emerged as the largest Ethereum (ETH) pledger, committing over 282,796 ETH, approximately equivalent to $439 million. Sun committed significantly to the Ethereum 2.0 staking platform, Lido, utilizing two distinct addresses. This recent blockchain activity underscores Sun’s ongoing investment in the Ethereum ecosystem. Sun’s Investment in the Ethereum Ecosystem On Oct....Read More
Seychelles-based cryptocurrency exchange HTX (formerly Huobi) has lost $7.9 million worth of ETH to a hacker, on-chain data shows. The exchange has already identified the culprit and is ordering a return of funds with the threat of legal action. As noted by blockchain security firm Peckshield, exactly 4999 ETH ($7,866,926.30) left Huobi’s wallet on Sunday...Read More
Justin Sun, the founder of the Tron blockchain, has purchased five million Curve tokens (CRV) from an address labeled “Curve.fi Founder” in an attempt to help with the decentralized exchange Curve Finance’s bad debt situation. As disclosed by blockchain analytics platform Lookonchain, Sun bought the tokens at an average price of $0.4 via an over-the-counter...Read More
Tron founder and crypto entrepreneur Justin Sun transferred 56.1 million True USD (TUSD) worth over $56.4 million to crypto exchange Binance on Monday morning, sparking rumors about his intention to farm the just-released Sui (SUI) tokens on the Binance LaunchPool. Shortly after Whale Alert flagged the transaction, Binance’s CEO Changpeng Zhao (CZ) disclosed that the...Read More
Tron founder Justin Sun has been issued a summons by the U.S. District Court for the Southern District of New York in connection to a recent lawsuit from the Securities and Exchange Commission (SEC). The billionaire will be subject to “default judgment” if he fails to respond to the summons within 21 days, implying that...Read More
Tron has been under significant pressure as the crypto asset tanked by 5% over the past day from $0.066 to $0.062. This comes after the US division of crypto exchange Binance announced the delisting of the Justin Sun-linked token from its platform. Binance.US clarified that it would continue to support TRC-20 USDT and USDC issued...Read More
Tron Founder Justin Sun’s tenure as Grenada’s Ambassador to the World Trade Organization (WTO, came to an end on March 31. The end of Sun’s diplomatic status comes shortly after the SEC accused the Tron boss of fraud and market manipulation. Justin Sun, in a tweet thread, announced the end of his term as Grenada’s...Read More
