xiyu|Sep 15, 2026 06:02
On-chain tracking shows that approximately 700 million TRX, which disappeared from HTX's proof of reserves in June this year, partially flowed into addresses supporting Justin Sun's Poloniex Super Representative, while another portion went to Binance.
These tokens, valued at around $238 million at current prices, were transferred out of HTX's cold wallet in May. Of these, 500 million TRX went to an address labeled as related to Justin Sun (TT2), and 180 million TRX were ultimately used for voting for a Poloniex Super Representative. In the same June disclosure, HTX also redirected over $1 billion in assets to an undisclosed ThirdParty custodian.
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