bit.fanBit.FanWeb3 News · Betting Reviews · Market Insights
‹ BackNewsPoloniex

Poloniex

HTX
2026-09-14 17:57:13

Where HTX’s missing 700 million TRX went, according to Protos’ on-chain tracing

Protos said HTX’s June proof-of-reserves showed a drop of roughly 700 million TRX, a stash worth about $238 million at current prices cited in the report. The outlet traced that outflow back to May, when 700 million TRX left an HTX cold wallet disclosed in the exchange’s reserves report and was split across several addresses. According to the report, 200 million TRX moved through addresses tied to HTX disclosures and 180 million of that amount ended up at an unlabeled address, TEF9, which TRONScan shows voting 928 million TRX for Poloniex’s Super Representative. The other 500 million TRX was sent to TT2, an address Arkham Intelligence tags as “Justin Sun?” and one that Protos described as controversial and connected to TrueUSD redemptions. Protos also highlighted transfers made by TT2 one day before it received the 500 million TRX. Those transactions included 100 million TRX that ultimately reached an address labeled Binance-Hot 7 on TRONScan, as well as another 180 million TRX that looped through HTX 4 and then reached TEF9. The report added that HTX, since that June disclosure, has been sanctioned by the European Union and the UK Foreign, Commonwealth & Development Office, while the same reserves report also shifted more than $1 billion in other assets to an undisclosed “ThirdParty” custodian.

970
Where HTX’s missing 700 million TRX went, according to Protos’ on-chain tracing
Justin Sun
2026-09-08 01:22:46

Justin Sun unstaked another 5,000 ETH, with 3,500 sent to Poloniex

On-chain analyst Ai Yi (@ai_9684xtpa) said Justin Sun has unstaked another 5,000 ETH, taking his total redemptions from Lido to 10,000 ETH since Aug. 26. The latest batch was split between two destinations: 3,500 ETH moved to a Poloniex hot wallet, while the remaining 1,500 ETH was deposited into Morpho. Ai Yi said the purpose of the transfer to Poloniex is unknown. The update also follows an earlier redemption, after which Sun transferred ETH worth $12.3 million to Poloniex in two separate deposits. The deposit price at that time was about $2,481 per ETH. Despite the recent withdrawals, Sun still holds 238,000 stETH on-chain, valued at about $594 million, according to the monitoring cited by ChainCatcher.

1260
Justin Sun unstaked another 5,000 ETH, with 3,500 sent to Poloniex
Justin Sun
2026-09-01 01:29:48

Justin Sun Redeems 5,000 ETH From Lido; 3,500 Moved to Poloniex

On-chain analyst Ai Yi reported that Justin Sun redeemed 5,000 ETH from Lido. Of that amount, 3,500 ETH was transferred to Poloniex and then entered a hot wallet address, while the remaining 1,500 ETH was deposited into Morpho. The specific purpose of these moves has not been disclosed. According to the monitoring data, Sun still holds more than 243,000 ETH on-chain, worth over $600 million. That puts him fourth among ETH-holding entities, with holdings exceeding those of the Ethereum Foundation. ChainCatcher relayed the on-chain data and noted that the exact use of the tokens remains unknown. Neither an explanation from Sun nor from the related platforms has been released. The redemption was split across two destinations, and the on-chain movements were tracked by Ai Yi's monitoring system. At the time of writing, the intended use of the 3,500 ETH that reached the hot wallet, as well as the purpose of the Morpho deposit, has not been disclosed by any of the parties involved.

810
Justin Sun Redeems 5,000 ETH From Lido; 3,500 Moved to Poloniex
HTX
2026-08-13 18:05:01

Protos says HTX reserve assets can be traced to Poloniex addresses

Protos reported that HTX changed how it handled user reserves after sanctions from the Council of the European Union and the UK Foreign, Commonwealth & Development Office. The outlet said HTX’s June proof-of-reserves report was the first to disclose that a large portion of reserves had been moved to an unnamed third party, while the exchange did not identify the custodian users were told to contact for verification. Protos said that gap made most of those balances impossible for it to verify. The report also cited TRM Labs, which said HTX has been rotating wallets at a high rate. Ari Redboard, TRM’s global head of policy, described the behavior as an effort to stay ahead of screening systems built on static lists, while HTX had previously called it normal cybersecurity practice. Using HTX’s past reserve-reporting tool and on-chain transfers, Protos said it traced WBTC, roughly $200 million in sUSDS, and some Spark-related positions through addresses labeled by Etherscan as Poloniex 7, Poloniex 10, and Poloniex 9. Protos said those related-party transfers, involving hundreds of millions of dollars in value, raise questions about internal controls at HTX and Poloniex. HTX did not respond to the outlet before publication.

1660
Protos says HTX reserve assets can be traced to Poloniex addresses
HTX
2026-08-07 18:37:29

Protos traces HTX reserve transfers to Poloniex-labeled wallets after sanctions

Protos reported that HTX began rapidly rotating on-chain addresses after being sanctioned by the European Union and the United Kingdom’s Foreign Commonwealth & Development Office, a shift that TRM Labs said made the exchange’s holdings harder to identify. The report also said HTX changed its proof-of-reserves presentation by moving reserve locations into a new “ThirdParty” category meant for funds held with outside custodians. HTX said users could still verify those funds by contacting the custodians involved, but Protos said HTX did not answer its requests asking who that custodian was. Using HTX’s May 1 proof of reserves as a starting point, Protos tracked 71,853.22 stETH, valued in the article at about $135 million, through a sequence of addresses that Etherscan labels as Poloniex 7, Poloniex 10, and Poloniex 9. Protos said the final address had previously been labeled “Justin Sun 4” on Etherscan before later appearing as a Poloniex address, and argued that the pattern suggests HTX funds may have been commingled with Poloniex reserves.

1950
Protos traces HTX reserve transfers to Poloniex-labeled wallets after sanctions