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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://hachyderm.io/users/molly0xfff/statuses/113744588902179678">Molly White (molly0xfff@hachyderm.io)'s status on Tuesday, 31-Dec-2024 09:24:53 JST</a><a href="https://hachyderm.io/@molly0xfff" title="molly0xfff@hachyderm.io"><img src="https://gnusocial.jp/avatar/34789-48-20230824095227.webp" width="48" height="48" alt="Molly White" style="position: absolute; left: 0; top: 0;">Molly White</a><div><a href="https://hachyderm.io/@molly0xfff/113744585236672465" rel="in-reply-to">in reply to</a></div></section><article><p>There's a case against crypto exchanges run by Justin Sun (among the shadiest of Donald Trump's new crypto business partners), which is trying to dodge returning assets that FTX entities were secretly trading on his platforms.</p><p><a href="https://hachyderm.io/tags/crypto" rel="tag">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" rel="tag">#cryptocurrency</a> <a href="https://hachyderm.io/tags/FTX" rel="tag">#FTX</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4284613#notice-8375662">In conversation</a><time datetime="2024-12-31T09:24:53+09:00" title="Tuesday, 31-Dec-2024 09:24:53 JST">about 6 months ago</time> <span>from <span><a href="https://hachyderm.io/@molly0xfff/113744588902179678" rel="external" title="Sent from hachyderm.io via ActivityPub">hachyderm.io</a></span></span><a href="https://hachyderm.io/@molly0xfff/113744588902179678">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/3810192">Finally, an adversary case against the Justin Sun-owned Huobi (now HTX) and Poloniex exchanges alleges that they are improperly holding on to a combined $27.5 million. Though both accounts belonged to Alameda Research, the Huobi account was opened in a former employee’s name, and the Poloniex account was nominally registered to Sam Bankman-Fried. A Huobi subsidiary also withdrew around $14 million from an FTX account in the preference period prior to its collapse, which FTX is trying to claw back, and various Justin Sun-affiliated entities have filed roughly $30 million in claims on assets held at FTX.The Justin Sun entities’ refusal to return assets are shrouded in the same sort of suspiciousness that tends to follow Sun everywhere he goes, and the excuses provided to the FTX debtors are troubling. First, a member of Huobi’s legal team member told the FTX bankruptcy team he didn’t work at the “correct” Huobi entity, and refused to identify which entity this was, or provide details for anyone who worked there. Then Huobi claimed Chinese police were investigating the Alameda-owned accounts on Huobi, but refused to provide any further information. At Poloniex, employees made “seemingly arbitrary” requests for the debtors, then claimed that Poloniex was undergoing an “internal restructuring” and cut communications.Personally, if I were on the FTX bankruptcy team seeking to regain access to funds held on Justin Sun-owned platforms, I’d be very concerned about whether the mone</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/744/586/930/340/578/original/4d00d36a2ede75aa.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/744/586/930/340/578/original/4d00d36a2ede75aa.png</a></li></ol></footer></blockquote>

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Molly White (molly0xfff@hachyderm.io)'s status on Tuesday, 31-Dec-2024 09:24:53 JST Molly White
in reply to
There's a case against crypto exchanges run by Justin Sun (among the shadiest of Donald Trump's new crypto business partners), which is trying to dodge returning assets that FTX entities were secretly trading on his platforms.
#crypto #cryptocurrency #FTX
In conversationabout 6 months ago from hachyderm.iopermalink
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1. Finally, an adversary case against the Justin Sun-owned Huobi (now HTX) and Poloniex exchanges alleges that they are improperly holding on to a combined $27.5 million. Though both accounts belonged to Alameda Research, the Huobi account was opened in a former employee’s name, and the Poloniex account was nominally registered to Sam Bankman-Fried. A Huobi subsidiary also withdrew around $14 million from an FTX account in the preference period prior to its collapse, which FTX is trying to claw back, and various Justin Sun-affiliated entities have filed roughly $30 million in claims on assets held at FTX. The Justin Sun entities’ refusal to return assets are shrouded in the same sort of suspiciousness that tends to follow Sun everywhere he goes, and the excuses provided to the FTX debtors are troubling. First, a member of Huobi’s legal team member told the FTX bankruptcy team he didn’t work at the “correct” Huobi entity, and refused to identify which entity this was, or provide details for anyone who worked there. Then Huobi claimed Chinese police were investigating the Alameda-owned accounts on Huobi, but refused to provide any further information. At Poloniex, employees made “seemingly arbitrary” requests for the debtors, then claimed that Poloniex was undergoing an “internal restructuring” and cut communications. Personally, if I were on the FTX bankruptcy team seeking to regain access to funds held on Justin Sun-owned platforms, I’d be very concerned about whether the mone
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