On December 4th, Paishield monitoring shows that Justin Sun's related address TT2T17...9N has withdrawn 22 million USDT from JustLendDAO and transferred 21.7 million USDT, 6 million TRX (about 629,000 USD), 3.65 million USDD, 244 billion BTT (about 1.2 million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."
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."
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.
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."
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.
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.
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>