In June, HTX’s proof-of-reserves revealed an approximately 700 million TRX decrease, worth about $238 million at current prices. A substantial portion of these assets was transferred to an address supporting the Poloniex Super Representative, also owned by Sun, while another part was sent to Binance. HTX has since been sanctioned by the European Union and the UK’s Foreign, Commonwealth and Development Office, making the location of these funds particularly important. The exchange also reduced its disclosures for over $1 billion in other assets, now attributing them to an undisclosed ThirdParty custodian. These movements represent less than 10% of the 9.3 billion TRX currently declared by HTX.
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