The post Justin Sun Accused of Wash-Trading on Huobi with “Fake” Stablecoins! appeared first on Coinpedia Fintech News
Crypto expert Dylan LeClair has accused TRON founder Justin Sun of using wash-trading on cryptocurrency exchange Huobi (HTX). LeClair claimed that Sun had been swapping USDT deposits for stUSDT without users noticing, transferring fake stablecoins for USDC and USDT to increase his USD liquidity. In a series of posts, LeClair claimed that stUSDT was a token controlled by Sun that did not invest in “Real World Assets” as advertised. LeClair also cited data showing that stUSDT had grown to 14.5% of HTX’s total reserves. Sun took over the exchange last year in an acquisition.
