Justin Sun Deposits 815 Million TUSD into JustLend, TVL Increases by 21.5%!

The post Justin Sun Deposits 815 Million TUSD into JustLend, TVL Increases by 21.5%! appeared first on Coinpedia Fintech News

Cryptocurrency entrepreneur Justin Sun has confirmed that he transferred $815 million worth of TrueUSD (TUSD) into his JustLend platform. The TUSD was eventually replaced by WSTUSDT and deposited into JustLend. This move resulted in a 21.5% increase in JustLend’s total value locked (TVL) within 24 hours. Sun claimed that the transactions were his personal funds and had nothing to do with HTX’s business. The transfer, however, has raised speculation among cryptocurrency enthusiasts about the motives behind Sun’s move. This comes after Sun was recently linked to a controversy involving another cryptocurrency platform, Poly Network, where he was accused of defrauding $610 million.