Huge 5,000 ETH Move To Huobi

Huge 5,000 ETH Move To Huobi

A massive 5,000 ETH stash was reportedly sent to the Huobi cryptocurrency exchange by an address in recent hours, according to reports. TRON founder Justin Sun is thought to reside at the address.

200 million USDT were taken out of JustLend, a Tron-based lending platform, and transferred to the Huobi cryptocurrency exchange by a Justin Sun-labeled address on the Tron network.

Then the same Ethereum network address sent 5,000 ETH, worth $9.14 million, to the Huobi cryptocurrency exchange.

However a Huobi official denied the address belonged to Justin Sun, takes on an intriguing turn, though.

(With inputs from Shikha Singh)

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