Always outspoken, Justin Sun seems eager to convince the world that he actually uses the HTX cryptocurrency exchange.
On Tuesday, Sun went to Apparently, Sun posted this image in response to suggestions that he doesn’t use HTX often, despite serving as a global advisor to the company.
“My personal HTX account balance (for those of you who say you don’t use HTX much)”, Sun Posted in. “Personally, I use almost all major exchanges and am a supporter of them. But when someone says I rarely use HTX That would be inaccurate. I am a heavy HTX user. “My personal use of HTX is the same as that of all HTX users.”
The idea that Sun holds more than $1 billion in cryptocurrency is unlikely to surprise those who have followed his eventful career to become a cryptocurrency mogul, but considering Sun’s founder, the online flex seems like an interesting move. The TRON blockchain has been a target of the Securities and Exchange Commission for fraud and securities law violations since at least last year.
Charges and HTX rebranding
Last year, the SEC alleged that Sun orchestrated a scheme to artificially inflate trading volume in addition to selling unregistered securities. According to the regulator, Sun instructed employees to conduct wash trading on various cryptocurrency exchanges to artificially inflate the demand and price of Tronix tokens. The agency immediately asked the court to bar Sun and his companies from offering securities containing digital assets.
Meanwhile, Sun, who served as an advisor to cryptocurrency exchange Huobi, also helped the Chinese company rebrand itself as HTX. Through the rebrand, HTX sought to expand into international markets and attract customers outside of China.
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