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Justin Sun, on Tuesday, shared a screenshot of his HTX wallet showing that he owns about 28,614 Bitcoins worth approximately 1.6 billion dollars at current prices.
Justin Sun captioned the shared image with “My personal HTX account balance (for those saying I rarely use HTX)”. Sun stated that he uses and supports all major exchanges, but also regularly utilizes HTX, and trades on platforms like HTX, in which he believes.
Justin Sun owning more than a billion dollars in crypto does not surprise those who have been following his roller-coaster career as a crypto emperor, holding such a large sum in the HTX wallet is notable. The TRON blockchain, founded by Sun, has been under investigation by the Securities and Exchange Commission (SEC) for fraud and securities law violations since 2022.
Last year, the SEC alleged that Sun gave orders to artificially inflate the price of his Tronix token through fake trading and sold unregistered securities. The SEC petitioned the court to ban Sun and his companies from offering securities, including digital assets.
Sun also advises cryptocurrency exchange Huobi and is instrumental in rebranding Huobi’s brand as HTX. With the rebranding, HTX aims to open up to international markets and attract customers outside of China.
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