Tron founder Justin Sun has shared a screenshot purportedly showing his HTX wallet, which contains 28,613 BTC, valued at approximately $1.6 billion.
My personal HTX account balance (just for those who are saying I’m not using HTX much) @HTX_Global pic.twitter.com/TtbiDWHLRZ
— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 27, 2024
Sun posted this in response to suggestions that he does not frequently use HTX, despite being a global advisor to the company.
“Personally, I use almost all major exchanges and am a supporter of these exchanges. However, if someone says I rarely use HTX, that would be inaccurate. I am an active user of HTX. Personally, I use HTX just like everyone else — I believe and trade,” he wrote.
This move likely aimed to draw additional attention to the trading platform. In August 2023, HTX faced a withdrawal of funds amid insolvency rumors, resulting in a decrease of nearly $54 million in total value locked.
In the same month, Sun acknowledged the company’s unprofitability. Over the past four quarters, the exchange failed to show a net profit. In December, the outflow of funds increased to $258 million.
Earlier, the SEC accused the head of Tron and three of his companies of unregistered securities offerings in the form of TRX and BTT tokens.
In September, HTX lost 5000 ETH ($7.9 million at the time) due to a hot wallet attack. Approximately two weeks later, the hacker returned the stolen assets for a reward of 250 ETH.