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Wallet Associated With Justin Sun Moves $100 Million to Huobi

A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as noted by security analysts PeckShield.

The wallet is associated with Sun on Ethereum block explorer Etherscan, meaning that the company running the explorer has on-chain reasoning to presume that he owns it. It also contains $16.5 million of decentralized usd (USDD), a collateralized stablecoin that Sun is closely associated with. At one point in its history, it contained $2.5 billion of ether.

(by Tim Copeland)

Justin Sun Huobi
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