Over $100,000,000 in Ethereum, Shiba Inu, Chainlink and Other Crypto Assets Drained From Justin Sun-Linked Firms
New data shows that several hacks have occurred in the past 20 days, resulting in the theft of hundreds of millions of dollars worth of altcoins from firms connected to Tron founder Justin Sun. Two of the affected protocols, crypto exchange HTX and Heco Bridge, are linked to Sun, who currently owns digital assets exchange Poloniex. <br>Cybersecurity firm Cyvers estimates that the combined losses from the hacks amount to $100 million, with $86 million coming from the Heco Bridge. Sun has stated that all customer funds are secure, but withdrawals and deposits will be temporarily suspended until the specific reason for the hack is identified.
Justin Sun: Deposits and withdrawals of USDT-TRC20 on Huobi HTX have been fully restored
Sun Yuchen stated in a post on X platform that the USDT-TRC20 recharge and withdrawal on Huobi HTX has been fully restored. Earlier, Sun Yuchen stated that the TRX recharge and withdrawal on Huobi HTX has been fully restored.
Justin Sun published an article mentioning "the inscription on the TRON chain"
On November 24th, Justin Sun posted on social media: "Inscriptions on the Tron network?" possibly to test the market's reaction.
The amount stolen from Justin Sun’s platform/public chain in the past 2 months exceeded US$200 million
According to Cointelegraph's data, in the past 2 months, there have been 4 attacks on platforms/public chains under the control of Sun Yuchen, with a total stolen amount of 208 million US dollars. These include: approximately 7.9 billion US dollars stolen from HTX on September 24th; approximately 100 million US dollars stolen from Poloniex on November 10th; approximately 13.6 million US dollars stolen from HTX on November 22nd; and 8,660 US dollars stolen from the HECO chain on November 22nd.
The amount stolen from Justin Sun’s platform/public chain in the past 2 months has reached US$208 million
According to BlockBeats news on November 23rd, Justin Sun's platform/public chain has been attacked four times in the past two months, with a total stolen amount of 208 million US dollars according to Cointelegraph. These include:<br>September 24th, HTX was stolen approximately 7.9 billion US dollars<br>November 10th, Poloniex was stolen approximately 100 million US dollars<br>November 22nd, HTX was stolen approximately 13.6 million US dollars<br>November 22nd, HECO chain was stolen 8,660 US dollars.<br>
Justin Sun’s address transferred 65 million TRX and 2.277 trillion BTT to BitTorrent
PeckShield monitoring shows that an address marked as Sun Yuchen has transferred 65 million TRX (about 6.6 million US dollars) and 22.77 billion BTT (about 1.05 million US dollars) from BNB Chain to BitTorrent.
Justin Sun: Continue to strengthen cooperation with Binance
Sun Yuchen reposted a statement from Richard Teng, the new CEO of Binance, on social media and said, "Congratulations to Richard on becoming the new CEO of Binance. I believe that under your leadership, Binance will enter a new chapter and achieve new success. We are also willing to continue to strengthen cooperation with Binance to promote development and innovation together."
Justin Sun: Thank you CZ for everything you have done for the cryptocurrency industry
Sun Yuchen commented on the CZ's resignation as CEO event on social media: "CZ, I have known you for almost ten years. During these ten years, you have been playing a leading role for the community, the industry, and for me. In the past six years, you have created Binance and pushed the industry to unprecedented heights. Without you, the cryptocurrency industry would not have reached its current height. When I think about you leaving this position, I feel a little sad, but when I think about you having more time to rest and enjoy life, I am really happy for you. Thank you for everything you have done for the entire industry."
PeckShield: Justin Sun is offering $10M reward to Poloniex white hat hacker
PeckShield monitoring shows that there has been hopeful progress in tracking the stolen funds from Poloniex Exchange, and Justin Sun is offering a $10 million white hat reward.
Justin Sun: Huobi HTX has ranked among the top five exchanges in the world along with Binance, Upbit, Coinbase, and OKX
On November 11th, Huobi HTX was invited to attend the 2023 Australian Cryptocurrency Conference from November 11th to 12th. Sun Yuchen, a member of the Huobi HTX Global Advisory Committee and founder of Tron, was invited to give an online speech on the theme of "From Niche to Mainstream: The Evolution of DeFi".
During the speech, Sun Yuchen professionally analyzed the exponential growth and adoption rate of DeFi, and explored the application of stUSDT to discuss the role of DeFi in promoting the adoption of cryptocurrencies worldwide, including the potential to enhance financial inclusivity and its impact on a broader economic environment. Sun Yuchen also pointed out that after a year of hard work, exploration, and accumulation, Huobi HTX has ranked among the top five global exchanges together with Binance, Upbit, Coinbase, and OKX, and will continue to build a global encrypted ecosystem, providing users with richer and more diverse financial tools, improving the trading experience, and meeting the different needs of users.
It is worth noting that Sun Yuchen's virtual digital human IP was first exposed at this conference.
