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- Investor Mike Alfred recently stated that Justin Sun is Huobi’s shadow owner.
- Alfred mentioned that Justin has been sending billions of dollars worth of stablecoins around space.
- Alfred also warned that Justin Sun’s USDD stablecoin could be in the process of collapsing.
Mike Alfred, an investor who serves as a board member of BTC miner Iris Energy and digital asset investment platform Eaglebrook Advisors, recently took to Twitter to address the ongoing issues with Huobi and Justin Sun. He addressed the fact that Justin Sun is the shadow owner of Huobi. Additionally, he mentioned that Justin Sun is the most erratic billionaire in crypto.
Alfred also mentioned that he has been sending billions of dollars’ worth of stablecoins in and out of Binance. He warned the community that something huge is afoot and urged all users to withdraw their coins from unregulated exchanges.
In addition, he also spoke about Justin Sun’s USDD stablecoin. Fred mentioned that Justin Sun’s USDD stablecoin has depegged and could be in the process of collapsing. He also stressed that it’s code red time in crypto again.
At the same time, Justin Sun's USDD stablecoin, an algorithmic stablecoin on Tron, has de-pegged ...The post Justin Sun’s USDD Stablecoin Could Collapse, Says Mike Alfred appeared first on Coin Edition.