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Justin Sun Could Be the Next Sam Bankman-Fried, Analyst Claims

Published 11/24/2023, 01:45 PM
Updated 11/24/2023, 02:15 PM
Justin Sun Could Be the Next Sam Bankman-Fried, Analyst Claims

  • A crypto YouTube channel raised concerns about the future of the HTX exchange under the advisory of Tron founder Justin Sun.
  • The channel compares Justin Sun to the disgraced founder of FTX, Sam Bankman-Fried.
  • It highlighted Justin Sun’s alleged involvement in illegal activities, including wash trading and workplace harassment.

A prominent crypto YouTube channel, “Discover Crypto,” has argued that the HTX exchange, under the advisory of Tron founder Justin Sun, could be the next FTX amid the alleged scandals surrounding Justin Sun.

The channel host contented that Justin Sun is no different from Sam Bankman-Fried, the disgraced founder of the now-defunct FTX crypto exchange. He claimed Justin Sun is operating a giant house of cards and, therefore, a fall is imminent, just as in the case of Bankman-Fried.

Notably, the channel host emphasized that it has become pertinent to elaborate on the underhand activities of Justin Sun as he is behind a multi-billion dollar crypto project, Tron blockchain.

Drawing on the history of Tron’s initial coin offering (ICO) in 2017 for the TRX token, the channel highlighted Justin Sun’s earning over $70 million via the IC…

The post Justin Sun Could Be the Next Sam Bankman-Fried, Analyst Claims appeared first on Coin Edition.

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