Tron founder Justin Sun minted 815 million TUSD from his own wallet in the past hours. He transferred millions of funds to a Tron-based altcoin project. As altcoin TVL booms, Sun lights up the background.
This altcoin jumps after Tron founder mints 815 million TUSD
Decentralized lending protocol JustLend recorded a significant increase in Total Value Locked (TVL) today. This was a clear indication of new capital inflow. Arkham Intelligence attributes the address to Tron founder Justin Sun.
Meanwhile, JustLend recorded a new capital inflow reaching 815 TUSD ($815 million) in a transaction linked to Justin Sun. The TRON administrator clarified that the transactions were personal and had nothing to do with the crypto exchange HTX.
Justin Sun's related address minted 815 million TUSD today, which was eventually replaced by WSTUSDT and deposited into JustLend. JustLend TVL is up 21.5% in the past 24 hours. Sun claimed that the transactions were his personal funds and had nothing to do with HTX’s business.…
— Wu Blockchain (@WuBlockchain) September 16, 2023
JustLend launches on TVL
Justin Sun’s address minted 815 million TUSD today. This money was eventually replaced by WSTUSDT and deposited into JustLend. JustLend TVL increased by 21.5% in the last 24 hours. Sun claimed that the transactions were his own and had nothing to do with HTX’s business. The transaction catapulted JustLend TVL 21.5%, with DeFillama locking in total value at $4.564 billion.
JustLend is a TRON-powered cryptocurrency market protocol that aims to create pools of funds with interest rates calculated using an algorithm controlled by the supply and demand of TRON assets.
Tron network is on the agenda with multiple hot developments
Meanwhile, police are investigating a former employee of Huobi Wallet (now iToken) for allegedly designing and distributing a Trojan horse virus that leaked user data.
Exclusive: Due to a Trojan virus set up by a former Huobi employee, some user mnemonics or private keys of iToken (formerly Huobi Wallet) have been leaked. The employee has been investigated by the police.
— Wu Blockchain (@WuBlockchain) September 16, 2023
More generally, the Trojan virus compromised iToken’s mnemonics and private keys. The wallet has a strong reputation for its track record of offering secure storage for cryptocurrencies. iToken, which reported the breach, claimed that “funds were not affected.” He added that security parameters have been strengthened even as investigations continue.
The report comes just days after Huobi rebranded as HTX to celebrate its 10th anniversary. The renaming means “H” for Huobi, “T” for TRON, and “X” for exchange. Significantly, X also represents 10 in Roman numerals. It adds confidence to the 10th anniversary of the stock market.
Huobi is rebranding
In a statement regarding the rebranding, the exchange committed to enter new markets that offer better prospects, both regionally and globally. HTX’s new mission is to build a metadata free nexus with the vision of achieving financial freedom for the world’s 8 billion people. HTX is embarking on a growth strategy focused on “global expansion, evolving ecosystem, wealth impact, security and compliance.” As Kriptokoin.com, we have included what you need to know about the new stock market in this article.
60477
