HTX receives $500M USDT infusion then sends it away
Justin Sun-advised HTX recently received $500 million worth of Tether (USDT), which it quickly moved between addresses and then distributed to various non-HTX addresses. HTX distributes a tool to help verify its proof-of-reserves process, and a review of that address shows that as of January 1, HTX disclosed $696 million total USDT. This was largely made up of $552 million USDT-aETHUSDT — Tether lent on AAVE — meaning HTX only had approximately $145 million USDT that wasn’t lent out. That is until yesterday when it received $500 million directly from the Tether Treasury to TDToUxX8sH4z6moQpK3ZLAN24eupu2ivA4. This address was included in the HTX proof-of-reserves but wasn’t previously listed on the proof-of-reserves document as a USDT address. Justin Sun-advised HTX plays games with its reserves Read more: Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose The bulk of this, $400 million, was moved to TK86Qm97uM848dMk8G...