Suspected Justin Sun address transferred 90 million USDT to Binance
According to Lookonchain monitoring, a wallet address suspected to be related to Justin Sun has just transferred 90 million USDT to Binance.
Justin Sun restarts TRON foundation before trial in US court
On January 16th, according to documents from the Southern District Court of New York, Sun Yuchen's legal team postponed the upcoming fraud and market manipulation trial (the third postponement so far) and restored the previously dissolved Singapore TRON Foundation. The initial lawsuit filed by the US Securities and Exchange Commission (SEC) in March of last year alleged that DeAndre Cortez Way (also known as SouljaBoy), Austin Mahone, and Sun Yuchen may have manipulated TRON and BTT tokens. Cortez Way defaulted, Mahone reached a settlement in August 2023. Sun Yuchen did not respond until a week after the absent judgment against Mahone, admitting that he would fight against the SEC.
Justin Sun: Will go all out to create a better financial order
According to official sources, on December 21st, Sun Yuchen, the founder of TRON and a member of the global advisory committee of Huobi HTX, expressed through his personal social media account that he has been in business for ten years and knows the heavy responsibility on his shoulders. He will do his best to do his job well. Sun Yuchen also stated that he no longer feels unfair or unjust about negative media coverage, but only cares about whether the assets of Huobi HTX users are 100% safe and whether the transfer services of two billion TRON users are smooth, decentralized and secure enough. He also stated that he promised people to create a better financial order through blockchain technology and cannot disappoint everyone. However, this goal requires satisfaction from regulation, users, and society, and more time to do more things. Regarding recent industry regulatory issues, he also stated that decentralization and compliance are the general trend, and he will do his best to do his job well.
Justin Sun once again transferred 77 billion SHIB from Binance, worth $810,000
According to on-chain analyst @ai_9684xtpa, two minutes ago, Sun Yuchen once again transferred 77 billion SHIB from Binance, worth $810,000. As of now, Brother Sun has transferred a total of 577 billion SHIB (worth $6.06 million) from Binance.
Justin Sun transferred 1,600 ETH to the multi-signature wallet 5 minutes ago
According to AI monitoring by ai_9684xtpa, five minutes ago, Sun Yuchen transferred 1,600 ETH worth $3.78 million to the multi-signature wallet 0x290...e715a. 11 hours ago, Sun Yuchen also transferred the same amount to the same address. After receiving the tokens, the address has gradually recharged ETH into multiple exchanges such as Binance and Kraken through the intermediary address 0x8fC...990b8.
Paidun: Justin Sun withdrew 22 million USDT from JustLendDAO
On December 4th, Paishield monitoring shows that Justin Sun's related address TT2T17...9N has withdrawn 22 million USDT from JustLendDAO and transferred 21.7 million USDT, 6 million TRX (about 629,000 USD), 3.65 million USDD, 244 billion BTT (about 1.2 million USD), and 1.3 billion WIN (about 1 million USD) to another address labeled Justin Sun.
TRON spokesperson: It is completely wrong to believe that Tron or Ethereum has control over entities using corresponding technologies.
According to a TRON spokesperson regarding Circle-related reports, "We have no comment on these issues involving unrelated third-party behavior. Like all public blockchains, the TRON blockchain is a technology. Any technology can theoretically be used for suspicious activities. For example, the US dollar, as a legal currency, is often used for money laundering. Therefore, it is completely wrong to assume that TRON or Ethereum have control over entities using the corresponding technology."
TRON wins the Genesis XBT Best Web3 Platform of the Year Award
Recently, the top encryption industry event Genesis XBT in Europe, the Middle East, and Africa was held in Dubai, United Arab Emirates, attracting global encryption leaders, trading developers, regulatory personnel, as well as attendees from well-known investment institutions such as BlackRock, JPMorgan Chase, Goldman Sachs, and Deutsche Bank. At the conference, TRON won the "Best Web3 Platform of the Year" award for its outstanding industry achievements over the past year.On November 30th, Sun Yuchen, the founder of TRON and a member of the Huobi HTX Global Advisory Committee, confirmed the news of the award on his personal X platform and said, "Thank you to Genesis XBT for recognizing the TRON team and looking forward to continuing to build the future for the industry in 2024."
Paidun: Justin Sun will transfer 20 million TRX to a new address starting with TSzSgx
According to Pai Shield monitoring, an address marked as Sun Yuchen has transferred 20 million TRX (worth about 2 million US dollars) to a new address starting with TSzSgx.
Justin Sun: TRON’s future development focus should be on decentralized stablecoins and RWA
On November 26th, Sun Yuchen, founder of TRON and member of the Huobi HTX Global Advisory Committee, sent out a tweet to solicit ideas from industry professionals on the major developments that should be prioritized in the TRON ecosystem.Sun Yuchen stated, "Personally, I believe the focus should be on decentralized stablecoins and DeFi based on RWA returns."
