Justin Solar-advised HTX just lately acquired $500 million value of Tether (USDT), which it rapidly moved between addresses after which distributed to numerous non-HTX addresses.
HTX distributes a instrument to assist confirm its proof-of-reserves course of, and a assessment of that deal with reveals that as of January 1, HTX disclosed $696 million whole USDT. This was largely made up of $552 million USDT-aETHUSDT — Tether lent on AAVE — which means HTX solely had roughly $145 million USDT that wasn’t lent out.
That’s till yesterday when it acquired $500 million immediately from the Tether Treasury to TDToUxX8sH4z6moQpK3ZLAN24eupu2ivA4. This deal with was included within the HTX proof-of-reserves however wasn’t beforehand listed on the proof-of-reserves doc as a USDT deal with.
The majority of this, $400 million, was moved to TK86Qm97uM848dMk8G7xNbJB7zG1uW3h1n in 4 transactions.
These funds have been then largely additional distributed to TFTWNgDBkQ5wQoP8RXpRznnHvAVV8x5jLu, one other HTX deal with.
From right here, the funds have been despatched to quite a lot of totally different addresses on TRON and appear to be now not below the management of HTX.
It’s not clear why this Justin Solar-affiliated trade acquired such a big infusion of property that have been distributed so rapidly or why such a big portion of HTX’s liquid USDT reserves are lent on AAVE.