are part of the same cartel.
Justin Sun’s recent transactions have raised eyebrows in the crypto community. In a matter of days, he minted $62 million in TUSD, withdrew $50 million in USDT from Huobi, deposited $50 million USDT to Bitfinex, and burned $50 million TUSD. He also added $50 million USDT and $12 million TUSD to JustLend. His actions have been likened to those of Sam Bankman Fried, who was accused of minting and then immediately burning tokens to give the appearance of having more tokens than he actually did.
The crypto community has largely responded with caution to Justin Sun’s shady transactions, warning investors to stay safe. Despite the negative attention, Tron and TUSD remain popular within the crypto market, with a high market capitalization. Some have speculated that Sun’s time is coming, with one redditor suggesting that he should be arrested before it’s too late.
However, investors are advised to be cautious of Tron and other crypto-related projects. Not only are Justin Sun’s transactions suspicious, but unregulated exchanges such as Binance, KuCoin, OKEx, Bitfinex, Huobi and Poloniex have been accused of forming a cartel. As such, it is important for investors to do their own research and be aware of any potential risks associated with investing in crypto.