JustLend TVL jumps after HTX advisor Justin Sun mints 815 million TUSD

FXstreet
FXstreet

16 Sep 2023 8:02 AM

JustLend decentralized lending protocol has recorded a notable jump in its Total Value Locked (TVL), indicating new capital inflow. Arkham Intelligenc...

  • JustLend decentralized lending protocol's Total Value Locked (TVL) increased by 21.5% after a transaction by Tron founder Justin Sun.
  • A Sun-related address minted 815 million TUSD, swapped for WSTUSDT, and deposited it into the lending protocol.
  • The transactions were claimed to be personal and unrelated to crypto exchange Huobi Global (now HTX).
  • An ex-Huobi staff is being investigated for deploying a Trojan virus that leaked iToken keys.

The article provides a mix of positive and negative information. The increase in JustLend's TVL is positive, but the investigation into the ex-Huobi staff and the security breach are negative aspects.

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You May Ask

What caused the notable jump in JustLend's Total Value Locked (TVL)?Who was involved in the transaction that increased JustLend's TVL?What is the current TVL of JustLend after the deposit?Why is an ex-Huobi staff being investigated?How did the Trojan virus compromise iToken's security?

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