Huobi Gets $209 Million Injection From Sun: PeckShield (Correct)

Crypto entrepreneur Justin Sun transferred more than $200 million of digital tokens to his exchange Huobi Global, according to PeckShield and Arkham Intelligence, after its reserves fell sharply.

Blockchain security firm PeckShield said a crypto wallet it identified as linked to Sun, who calls himself an “adviser” to Huobi, transferred $200 million of Tether Holdings Ltd.’s USDT and $9 million of Ether to the platform. Sun denied making the transfer.

Justin Sun

Photographer: Ore Huiying/Bloomberg

“I have no comments on common users and market makers [who] deposit their funds into [Huobi] exchange,” he said in a Telegram message.

Sun had already injected about $200 ...