Coin Edition -
- Justin Sun reveals that he holds about 28,614 Bitcoins worth $1.6 billion in his personal HTX wallet.
- Sun’s revelation intended to prove his active use of HTX, countering the community’s suspicions.
- Adam Cochran points out the inconsistency in Sun’s claims, as his reported holdings are more than HTX’s total Bitcoin holdings.
Justin Sun, the founder of the Tron blockchain, has recently unveiled his personal HTX wallet, which holds about 28,614 Bitcoins worth $1.6 billion. While Sun’s surprise revelation created a shockwave in the community, Adam Cochran, a renowned crypto voice, remains suspicious about its accuracy.
Sooo Sun is claiming his personal HTX balance of BTC, is more than the entire amount of BTC that HTX reports in wallets (as sources by DefiLlama)So either fake or HTX has no real users other than Sun, or he comingle a their assets as his.https://t.co/UB3SbmXZZR pic.twitter.com/pV6fk9mkHY— Adam Cochran (adamscochran.eth) (@adamscochran) February 27, 2024
Sun posted a screenshot on his X account, revealing his personal HTX wallet. His disclosure aimed to prove his active use of HTX, a crypto exchange where he serves as an advisor. While the community speculated about Sun’s isolation from HTX, he reaffirmed that he is a “heavy user of HTX.”
My personal HTX account balance (just for those who are saying I'm not using HTX much) @HTX_Global pic.twitter.com/TtbiDWHLRZ— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 27, 2024
With the X post, Sun highlighted his active role in HTX, not only as an advisor but also as an investor and supporter. He asserted that he is an active user of all the leading crypto exchanges. Adding that he uses HTX just like any other users, he cited,
Personally, I use almost all main exchanges and am a supporter of those exchanges. However, if someone says I seldom use HTX.com, that would be inaccurate. I am a heavy user of HTX. My personal use of HTX is the same as all HTX users, believing and trading.
However, Cochran pointed out the inconsistency in Sun’s claims, highlighting that his Bitcoin holdings are more than all the BTC holdings of HTX. As per a screenshot shared by Cochran, HTX boasts a total of $1.342 billion worth of Bitcoins. While this valuation lies far behind Sun’s reported holding of $1.6 billion BTC, the revelation remains ambiguous. Cochran added, “So either fake or HTX has no real users other than Sun, or he commingles their assets as his.”
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