Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Cryptocurrency entrepreneur Justin Sun has withdrawn 200 million USDT (Tether) from his decentralized finance platform JustLend and deposited the funds into the Asia-based crypto exchange, Huobi. The move comes amid an ongoing investigation into JustLend’s financial operations. Sun’s move is seen as an attempt to bolster the reserves of Huobi, which now holds $285 million in USDT. This is expected to boost investor confidence in the exchange, which has faced scrutiny in the past. Sun, the founder of the Tron blockchain, has yet to comment on the decision to move funds.
