{"id":553004,"date":"2023-09-26T22:00:22","date_gmt":"2023-09-26T22:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=553004"},"modified":"2023-09-26T18:24:14","modified_gmt":"2023-09-26T18:24:14","slug":"huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/","title":{"rendered":"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds"},"content":{"rendered":"

HTX (formerly known as Huobi), one of the leading cryptocurrency exchanges, has been embroiled in a new controversy as Justin Sun, Tron’s founder and BitTorrent’s CEO, faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0<\/span><\/p>\n

Adam Cochran, Managing Partner at Cinneamhain Ventures, has shed light on the intricate details of the alleged malpractice, <\/span>revealing <\/span><\/a>a web of \u201cfinancial manipulations.\u201d<\/span><\/p>\n

Related Reading: Maker (MKR) Price Continues to Climb Higher Level, Will It Surpass $1500?<\/a><\/div>\n

Huobi Crisis Unveiled?<\/span><\/h2>\n

Cochran’s analysis raises concerns over Huobi’s financial stability, questioning the integrity of the exchange’s claims regarding its holdings of Ethereum (ETH) and USDT, a stablecoin pegged to the US dollar.\u00a0<\/span><\/p>\n

\"Huobi
Huobi’s discrepancy in ETH holdings. Source: Adam Cochran on X.<\/a><\/figcaption><\/figure>\n

As seen in the chart above, while Huobi asserts assets worth $200 million in ETH, Cochran’s investigation, corroborated by defillama data, reveals a discrepancy, with the actual value amounting to under $113 million, even when considering wrapped ETH (WETH) and staked ETH (stETH).<\/span><\/p>\n

The situation further unravels when examining Huobi’s purported $624 million USDT holdings. However, Cochran’s findings indicate that only $119 million of USDT resides within the exchange, while the remaining balance is in staked USDT (stUSDT).\u00a0<\/span><\/p>\n

\"Huobi
Only $119M of Huobi’s alleged $624M is within the exchange. Source: Adam Cochran on X.<\/a><\/figcaption><\/figure>\n

What raises suspicion is that Justin Sun has enabled staked USDT (stUSDT) a staking feature, which allows users to stake either USDT or TUSD (TrueUSD) to earn stUSDT, as <\/span>reported <\/span><\/a>by NewsBTC.\u00a0<\/span><\/p>\n

Allegations Mount Against Justin Sun\u00a0<\/span><\/h2>\n

Instead of following the expected protocol of burning staked assets to claim the cash and take it offline, these funds are redirected to Justin Sun’s addresses or utilized to support JustLend, a lending platform associated with the Huobi ecosystem.<\/span><\/p>\n

Contrary to Huobi’s claim that it burns the stUSDT with Tether, Cochran’s investigation reveals that the counterparties for USDT on Huobi are the exchange’s deposit wallets or Binance.\u00a0<\/span><\/p>\n

This suggests that Justin Sun may utilize USDT from user balances on Huobi to generate stUSDT, subsequently leveraging the underlying USDT to support JustLend or repurchase TUSD on Binance.<\/span><\/p>\n

Cochran concludes that this complex financial arrangement, including TUSD deposits into stUSDT, effectively mints “fake assets” against an unknown equity.\u00a0<\/span><\/p>\n

As a result, Cochran estimates that Justin Sun’s alleged debt to users across the Huobi and Tron ecosystems amounts to approximately $2.4 billion, all while users remain unaware of the situation.<\/span><\/p>\n

Related Reading: BULLISH: Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength<\/a><\/div>\n
\n
\n
\n
\n
\n
\n
\n

Huobi has not yet formally responded to these allegations, leaving the situation’s outcome uncertain. However, the possibility of Huobi’s insolvency raises significant concerns regarding the security of user funds and the overall trustworthiness of the exchange.<\/p>\n

It remains to be seen how this situation will develop and what actions will be taken to address these concerns effectively.<\/p>\n

Related Reading: Bitcoin Mega Whales Return To Selling Mode, More Downside Soon?<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/section>\n
\"Huobi
HT token with a flat price action on the daily chart. Source: HTUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Shutterstock, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

HTX (formerly known as Huobi), one of the leading cryptocurrency exchanges, has been embroiled in a new controversy as Justin Sun, Tron’s founder and BitTorrent’s CEO, faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0 Adam Cochran, Managing Partner at Cinneamhain Ventures, has shed light on the intricate details of the alleged malpractice, revealing a web of \u201cfinancial manipulations.\u201d Related Reading: Maker (MKR) Price Continues to Climb Higher Level, Will It Surpass $1500? Huobi Crisis Unveiled? Cochran’s analysis raises concerns over Huobi’s financial stability, questioning the integrity of the exchange’s claims regarding its holdings of Ethereum (ETH) and USDT, a stablecoin pegged to the US dollar.\u00a0 As seen in the chart above, while Huobi asserts assets worth $200 million in ETH, Cochran’s investigation, corroborated by defillama data, reveals a discrepancy, with the actual value amounting to under $113 million, even when considering wrapped ETH (WETH) and staked ETH (stETH). The situation further unravels when examining Huobi’s purported $624 million USDT holdings. However, Cochran’s findings indicate that only $119 million of USDT resides within the exchange, while the remaining balance is in staked USDT (stUSDT).\u00a0 What raises suspicion is that Justin Sun has enabled staked USDT (stUSDT) a staking feature, which allows users to stake either USDT or TUSD (TrueUSD) to earn stUSDT, as reported by NewsBTC.\u00a0 Allegations Mount Against Justin Sun\u00a0 Instead of following the expected protocol of burning staked assets to claim the cash and take it offline, these funds are redirected to Justin Sun’s addresses or utilized to support JustLend, a lending platform associated with the Huobi ecosystem. Contrary to Huobi’s claim that it burns the stUSDT with Tether, Cochran’s investigation reveals that the counterparties for USDT on Huobi are the exchange’s deposit wallets or Binance.\u00a0 This suggests that Justin Sun may utilize USDT from user balances on Huobi to generate stUSDT, subsequently leveraging the underlying USDT to support JustLend or repurchase TUSD on Binance. Cochran concludes that this complex financial arrangement, including TUSD deposits into stUSDT, effectively mints “fake assets” against an unknown equity.\u00a0 As a result, Cochran estimates that Justin Sun’s alleged debt to users across the Huobi and Tron ecosystems amounts to approximately $2.4 billion, all while users remain unaware of the situation. Related Reading: BULLISH: Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength Huobi has not yet formally responded to these allegations, leaving the situation’s outcome uncertain. However, the possibility of Huobi’s insolvency raises significant concerns regarding the security of user funds and the overall trustworthiness of the exchange. It remains to be seen how this situation will develop and what actions will be taken to address these concerns effectively. Related Reading: Bitcoin Mega Whales Return To Selling Mode, More Downside Soon? Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":553006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87321],"tags":[6664,87182,87319,89053,12098],"class_list":["post-553004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-huobi-ht","tag-crypto","tag-htusdt","tag-huobi-ht","tag-huobi-global-huobi-exchange","tag-justin-sun"],"acf":[],"yoast_head":"\nHuobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds<\/title>\n<meta name=\"description\" content=\"Huobi has found itself embroiled in a new controversy as Justin Sun faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds\" \/>\n<meta property=\"og:description\" content=\"Huobi has found itself embroiled in a new controversy as Justin Sun faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-26T22:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-26T18:24:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"390\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds\",\"datePublished\":\"2023-09-26T22:00:22+00:00\",\"dateModified\":\"2023-09-26T18:24:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\"},\"wordCount\":545,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260\",\"keywords\":[\"crypto\",\"HTUSDT\",\"Huobi (HT)\",\"Huobi global. Huobi exchange\",\"Justin Sun\"],\"articleSection\":[\"Huobi (HT)\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\",\"url\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\",\"name\":\"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260\",\"datePublished\":\"2023-09-26T22:00:22+00:00\",\"dateModified\":\"2023-09-26T18:24:14+00:00\",\"description\":\"Huobi has found itself embroiled in a new controversy as Justin Sun faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260\",\"width\":390,\"height\":260,\"caption\":\"Huobi\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds","description":"Huobi has found itself embroiled in a new controversy as Justin Sun faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/","og_locale":"en_US","og_type":"article","og_title":"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds","og_description":"Huobi has found itself embroiled in a new controversy as Justin Sun faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0","og_url":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-09-26T22:00:22+00:00","article_modified_time":"2023-09-26T18:24:14+00:00","og_image":[{"width":390,"height":260,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds","datePublished":"2023-09-26T22:00:22+00:00","dateModified":"2023-09-26T18:24:14+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/"},"wordCount":545,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260","keywords":["crypto","HTUSDT","Huobi (HT)","Huobi global. Huobi exchange","Justin Sun"],"articleSection":["Huobi (HT)"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/","url":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/","name":"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260","datePublished":"2023-09-26T22:00:22+00:00","dateModified":"2023-09-26T18:24:14+00:00","description":"Huobi has found itself embroiled in a new controversy as Justin Sun faces allegations of a staggering $2.4 billion shortfall in user funds.\u00a0","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260","width":390,"height":260,"caption":"Huobi"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds","url":"http:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260"},"articleSection":"Huobi (HT)","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","htusdt","huobi (ht)","huobi global. huobi exchange","justin sun"],"dateCreated":"2023-09-26T22:00:22Z","datePublished":"2023-09-26T22:00:22Z","dateModified":"2023-09-26T22:00:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/huobi-ht\\\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/huobi-ht\\\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/shutterstock_download-4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/shutterstock_download-4.jpg?fit=390%2C260\"},\"articleSection\":\"Huobi (HT)\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"htusdt\",\"huobi (ht)\",\"huobi global. huobi exchange\",\"justin sun\"],\"dateCreated\":\"2023-09-26T22:00:22Z\",\"datePublished\":\"2023-09-26T22:00:22Z\",\"dateModified\":\"2023-09-26T22:00:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-4.jpg?fit=390%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553004"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=553004"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/553006"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=553004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=553004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=553004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}