Tron Founder Withdraws Over $1,000,000,000 in Stablecoins

Recently, analysts from 0xScope reported interesting observations found regarding transactions on the wallets of Justin Sun, who founded the Tron blockchain. According to 0xScope, Sun carried out two cash-outs.

He first withdrew $626,000,000 in USDC, after which he made another transaction with USDT. Using Tether, Justin withdrew another $501,000,000. In total, Sun cashed out $1,127,000,000.

Despite the found and tracked transactions, the founder of Tron is trying in every possible way to refute this information, which he announced on his Twitter account.

According to Justin, the information about his transactions is just rumors and does not correspond to reality in any way. He said that he could not do this, given how optimistic Sun is about the development of cryptocurrencies in the future. The founder of Tron said that he will continue to work in the future to create a good industry infrastructure:

Rumors about cashing out money on the Internet are not true. I am very optimistic about the development of the industry from beginning to end. An online transaction is a chain exchange operation between different stablecoins. We will continue to work hard to ensure that each network has a sufficient supply of stablecoins and builds a good industry infrastructure.