Monday, November 4, 2024
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HTX Restores Services after $30M Hack but Justin Sun’s Platform November Security Breaches Raise More Concerns

What has surprised many observers closely monitoring these illicit activities is the recurring association of these hacks with platforms connected to Justin Sun. The cryptocurrency trading platform HTX, formerly known as Huobi, which has ties to industry entrepreneur Justin Sun, regained functionality this week following a security breach resulting in

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Justin Sun’s crypto initiative raises concerns for Huobi Global

Justin Sun’s stUSDT has quickly become a high-yield darling for crypto investors, amassing $1.8 billion in investments, but the project’s success brings both operational and reputational challenges for the affiliated Huobi Global exchange. In June, Justin Sun unveiled a new project that piqued the interest of crypto investors looking for high

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Why Justin Sun’s Stablecoin USDD Is Struggling To Maintain Its Dollar Peg

A stablecoin is a cryptocurrency that is pegged to a certain fiat currency. It provides stability for investors of crypto, making transactions easier. USDD, a stablecoin created by the founder of the Tron Blockchain, Justin Sun, has been losing its peg to the U.S. dollar. According to Coingecko, USDD is currently

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