CZ Authorizes Binance Security to Track Huobi HTX Stolen Assets
HTX took a proactive stance to mitigate potential harm by providing a “white-hat bonus” equivalent to nearly $400,000, which constituted 5% of the funds that had been drained. Shortly after HTX, the cryptocurrency exchange formerly known as Huobi reported a hacking incident resulting in an $8 million loss, Binance CEO Changpeng “CZ” Zhao offered the […]
Justin Sun Announces his Return to Hong Kong
Justin Sun, the founder of Tron, declared on Twitter that he would be going back to Hong Kong because he was feeling homesick and FOMO. The businessman and cryptocurrency pioneer Justin Sun, who was born in China, declared on April 10 that he would be returning to Hong Kong. He claimed that he had FOMO […]
Huobi generates $30 million profit in Q1 2023
Following its restructuring process, crypto exchange Huobi according to its de facto owner has made a $30 million profit during the first quarter of 2023. According to a post published on April 10 by Justin Sun, the de facto proprietor of cryptocurrency exchange Huobi Global, the company recorded $150 million in revenue and $120 million […]
China plans return to crypto industry – Justin Sun
Tron founder Justin Sun through a series of tweets believes China is preparing a comeback to the crypto space with its new tax implementation on cryptocurrency transactions. On January 30, Justin Sun said in a series of tweets that China’s adoption of a tax on cryptocurrency transactions heralds a return to the cryptocurrency market. Despite […]
Justin Sun hints at partnership with troubled exchange FTX
In the wake of Binance canceling all future relationships with FTX exchange, Justin Sun, the founder of Tron, has alluded to a prospective collaboration with the cryptocurrency exchange. The founder of Tron Justin Sun stated that his team is collaborating with all FTX TRX holders while the cryptocurrency exchange struggles with a severe liquidity shortage […]