Tron (TRX) founder and Huobi advisor Justin Sun has withdrawn $200 million from the Binance exchange to his personal wallets.
Rumors about Huobi and denials from the stock market remain hot on the agenda. These claims are behind the decline in the crypto money market. Popular cryptocurrency exchange Huobi is the target of criticism over allegations of bankruptcy. In the heat of all these processes, a new development took place. A striking claim has been made about Tron founder and Huobi advisor Justin Sun. Recently, Sun made a $200 million withdrawal from Binance.
Justin Sun Transfers $200 Million Asset To His Personal Wallet
According to the news made by The Block, Tron founder and Huobi advisor Justin Sun made a withdrawal. Sun has withdrawn $200 million from Binance to its personal wallets in a series of transactions.
The allegations made about the cryptocurrency exchange Huobi were denied by the Huobi team and Sun. However, the panic atmosphere in the cryptocurrency market still continues. Crypto investors are on their toes after the FTX crash.
In this news by The Block, it was stated that this withdrawal by Sun exacerbated the panic atmosphere. Sun had another asset withdrawal of approximately $1.1 billion in the past months. There were rumors that this shooting was done in support of Huobi.