Around $150 Million Exchanged Between Justin Sun and Binance Amid Huobi FUD
Justin Sun, shadow owner of the Chinese crypto exchange, Huobi Global on Thursday affirmed that they are planning to lay off around 20% of its staff. Since this announcement, Huobi’s native crypto price has dropped by around 12% in the last 24 hours. However, data depicts that Justin Sun is moving huge amounts of funds amid this drop.
Huobi Sees $61 Million Net Outflows In A Day, Justin Sun Says FUD
Huobi Global sees $60.9 million worth net outflows in just one day. The withdrawals surged after unconfirmed reports of Huobi laying off employees surfaced on social media. Today, Justin Sun confirmed that Huobi will be laying off 20% of its staff.
USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors
The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi.
Tron’s USDD Stablecoin Depegs, TRX Drops By 8%
As per the data, Justin Sun’s Tron USDD Stablecoin is de-pegging heavily and it could be in the process of collapsing. USDD which is meant to trade at $1 is now valued at $0.976, at the press time. It is almost 5% down from its fixed value.
Crypto Exchange Huobi To Lay Off 20% of Staff – Justin Sun
Crypto exchange Huobi plans to lay off about 20% of its staff, Tron founder Justin Sun told Reuters.
Tron’s Justin Sun Cashed Out $88M BUSD Again
According to Lookonchain, Justin Sun, the founder of Tron blockchain, cashed out 88M $BUSD again.
Russia’s Former President Predicts a Monetary Crash and a Global Shift to Crypto
Dmitry Medvedev – a Russian politician who served as President of the country between 2008 and 2012 – thinks 2023 could see the crash of the International Monetary Fund (IMF) and the World Bank. He suggested that such an event could reduce the power of the euro and the dollar and boost the usage of cryptocurrencies.
Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie
Tron founder Justin Sun is one of the richest figures in crypto, and a good chunk of his bitcoin (BTC) is stored in one place: U.S.-based Valkyrie Investments.
Tron Founder Justin Sun Withdraws 100M BUSD From Binance, FUD Ending?
Tron founder Justin Sun on Wednesday withdrew 100 million BUSD stablecoins from crypto exchange Binance. The 100 million BUSD withdrawn was then moved to the Paxos Treasury. Binance CEO CZ on Tuesday pointed out that 100 million USDC transferred by Justin Sun to Binance is part of deploying BUSD on Tron through cross-chain swaps.
Binance CEO Addresses USDC Outflows: ‘Feel Free To Withdraw Any Other Stablecoin’
Binance CEO Changpeng Zhao stepped in to reassure clients after the world's biggest crypto exchange experienced more than a billion dollars of outflows.
