Justin Sun Reveals $1.6 Billion Bitcoin Wallet Balance
Date: 2024-02-28 Author: Dima Zakharov Categories: IN WORLD
Justin Sun's Bitcoin Holdings
In a recent development, Justin Sun, an advisor to the cryptocurrency exchange HTX, has come forward to dispel rumors regarding his engagement with the platform. He shared a screenshot displaying his wallet balance on HTX, revealing a staggering 28,613.7 BTC, valued at $1.6 billion.
Addressing Doubts and Speculations
Justin Sun appeared perturbed by speculations suggesting his infrequent use of the HTX platform. Through his tweet, he emphasized his active involvement in HTX and other major exchanges. He stated that he utilizes HTX extensively, echoing the behaviors of other users on the platform, by trading and believing in its services.
Context and Potential Implications
This revelation comes amidst ongoing legal proceedings involving Justin Sun and the U.S. Securities and Exchange Commission (SEC). Nearly a year ago, the SEC filed a lawsuit against Sun for promoting TRX cryptocurrency as an "unregistered sale of securities in the form of cryptocurrency." Sun's decision to showcase significant Bitcoin holdings might draw additional scrutiny from regulatory bodies, considering his legal history with the SEC.
