What happened to HTX’s 700 million missing TRX?

Back in June, proof-of-reserves for Justin Sun-owned HTX revealed a roughly-700 million drop in the quantity of TRX held at the exchange.

At today’s prices, these 700 million tokens are worth about $238 million.

A substantial portion of these assets ended up flowing into an address that supports Sun-owned Poloniex’s Super Representative, while some went to Binance.

Since then, HTX has been sanctioned by the European Union and the United Kingdom Foreign, Commonwealth & Development Office, making the location of HTX funds extraordinarily important.

Additionally, in the same proof-of-reserves where it disclosed the drop in TRX, it also reduced its disclosure for over $1 billion worth of other assets, now pointing towards an undisclosed “ThirdParty” custodian.

Protos was previously able to track a large portion of HTX’s Ethereum reserves to Poloniex.

Read more: Justin Sun’s Poloniex and HTX withdraw huge amounts from AAVE

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