Cointime February 24 News Express
1. Paypal to launch global hackathon with 40,000 PYUSD prizes
Justin Sun’s address withdrew 40.25 million USDT from Aave five minutes ago and transferred it to a new address starting with 0xf1f
According to on-chain analyst @ai_9684xtpa, as reported by Jinse Finance, five minutes ago, a Sun Yuchen address starting with 0xDBf withdrew 40.25 million USDT from Aave and then transferred it to a new address starting with 0xf1f.
Justin Sun: The old info website does charge management fees to user accounts
Sun Yuchen posted on X platform saying that the old site of Info did indeed charge users management fees for their accounts, but this is not related to the current situation. They are currently working on a special project to refund a certain amount of management fees to all old Info users who register new accounts on Huobi. Specific details will be released later.
Justin Sun: Restaking and staking businesses will be separated into independent brands and operating entities in the future, and external financing will be
Justin Sun posted on X platform stating, "Restaking and staking businesses have achieved significant results through long-term development. In the future, they will be split into independent brands and entities, operating independently to support and empower all blockchain staking businesses. They will also seek external financing and accept investments from top international investment institutions. Group profits will also benefit users, developers, and the community for mutual prosperity and development! Personally, I am only an advisor for the staking business. Please do not make jokes about me like 'Sun Brother bought Ethereum and got rich again' or 'Sun Brother's coconut chicken'. Currently, my main focus is on creating educational content for the industry through making TikTok videos."
Justin Sun has deposited 166 million USDT to Binance in the past 7 hours
According to on-chain analyst @ai_9684xtpa, in the past 7 hours, Sun Yuchen has accumulated a total of 166 million USDT deposited into Binance.
Justin Sun redeemed 85.53 million USDT from JustLend 4 hours ago and immediately transferred it to Binance
As monitored by on-chain analyst Yu Jin, 4 hours ago, Sun Yuchen's Tron address (TXN...752) redeemed 85.53 million USDT from JustLend and immediately transferred it to Binance.
Justin Sun once again deposited 100 million USDT to Binance in the past 2 hours
Lookonchain monitoring shows that Justin Sun has once again deposited 100 million USDT into Binance within the past 2 hours. From February 12th to February 24th, a wallet suspected to belong to Justin Sun purchased 168,369 ETH at a price of $2,894, with an unrealized profit of approximately $95 million.
Justin Sun announces his HTX account balance, which is approximately US$1.624 billion
On February 27th, it was reported that Justin Sun, the founder of TRON and a member of the HTX Global Advisory Committee, disclosed his HTX account balance on social media. According to the screenshot, the asset value is 28,613.73 BTC, which is about 1.624 billion US dollars.
Suspected Justin Sun address purchased more than 150,000 ETH in 12 days, worth US$430 million
Lookonchain monitoring data shows that 10 minutes ago, a wallet suspected to belong to Sun Yuchen purchased 18,616 ETH (worth $54.57 million) from Binance again. This wallet has purchased 151,196 ETH worth $435.3 million from Binance and DEX at a cost of $2,879 in less than 12 days.
