According to Twitter user Yu Jin monitoring, Sun Yuchen pledged 102,462 stETH coins (190 million US dollars) 7 hours ago to mint 77.8 million DAI coins, and then deposited the DAI coins into Maker. Currently, the DAI deposit interest rate (DSR) is 8%.

Justin Sun, founder of Tron blockchain, has purchased 5 million CRV tokens from Curve Finance founder Michael Egorov's wallet to protect against a possible bad debt situation. Sun paid an average price of $0.4 per token in an over-the-counter transaction, amounting to just over $2.3 million. Egorov's loan could be liquidated at a price level of $0.37, which is lower than Sun's purchase price. Other DeFi players also stepped in to purchase discounted CRV tokens via OTC trading after Sun's purchases.

Curve, a critical DeFi infrastructure for the blockchain industry, has suffered an attack, and Justin Sun has expressed his support for the affected team and users. He called on the community to strengthen security measures to protect the safety of the decentralized ecosystem. Sun stated that "We are here to support!"

Binance has added a new stablecoin called First Digital USD (FDUSD) to its platform, which has sparked controversy within the crypto community due to allegations linking it to Justin Sun and TrueUSD (TUSD). The stablecoin is issued by Hong Kong-based digital asset custodian First Digital Trust and aims to provide users with a reliable means of conducting transactions.

Recent allegations by prominent crypto researcher @ErgoBTC and a tweet by Adam Cochran have raised serious questions about the backing of TRC-20 Bitcoin on the Tron network. The controversy centers around a potentially unbacked mint of 60,000 BTC TRC20 (worth $1.2billion) by Justin Sun and a transfer to JustLend, a decentralized lending platform on the Tron blockchain, for a 600 million USDC loan. @ErgoBTC’s investigation delves deeper, examining the presence of the alleged 114,000 BTC on the Bitcoin blockchain.

Tron founder Justin Sun's recent TrueUSD (TUSD) transactions have raised concerns in the cryptocurrency community. Crypto analyst Adam Cochran highlighted Sun's actions, including minting $62 million worth of TUSD, withdrawing $50 million in USDT from Huobi, and depositing $50 million in USDT on Bitfinex.

@tier10k said：Archblock Founder Claims Justin Sun Was Secret TUSD Acquirer in Lawsuit.

According to recent data, Justin Sun has actively redeemed 30,000 stETH from two separate wallets, which could cause uncertainty in the market and lead to a decline in interest in stETH. However, Lido's revenue and activity on the protocol have remained unaffected at press time, with a 40.6% increase in the number of active users on the protocol in the last week.

Monitoring News, Justin Sun transferred 23,000 $ETH ($43M) to Poloniex. Justin Sun transferred a total of 67,500 $ETH ($126M) to #Poloniex in 7 transactions over the past year.

June 27 (Cointime) -Cryptocurrency exchange Huobi Global announced that it will delist 10 "trading pairs" related to the USDD stablecoin issued by the TRON DAO reserve backed by digital asset entrepreneur Justin Sun, mainly involving Cardano, Solana, ApeCoin, Polygon, Filecoin and Ethereum Classic and other tokens. Additionally, trading pairs ARPA, GAS, QTUM and ZKS paired with Bitcoin will also be removed from the platform. Huobi said the changes were to provide users with a better trading experience.