Justin Sun showed a screenshot of a wallet with $1.6 Billion in Bitcoins

Justin Sun, serving as an advisor to the HTX cryptocurrency exchange, recently addressed and quelled rumors about his platform usage by showcasing a wallet screenshot on HTX, revealing an impressive holding of 28,613.7 BTC, valued at approximately $1.6 billion. The move came as a direct response to speculations suggesting Sun's detachment from the HTX exchange.

Faced with persistent claims questioning his engagement with HTX, Sun took to the public forum, stating, "My personal account balance on HTX (for those who say I don't use this platform much). I use and support almost all major exchanges. If anyone says that I rarely use HTX, that is not true. I actively use HTX and do it like all other users of the exchange - I believe and trade." This declaration underscores his active participation and trust in not just HTX but across multiple trading platforms.

This bold disclosure emerges amid heightened scrutiny, nearly a year after the US Securities and Exchange Commission (SEC) initiated legal action against Sun, accusing him of promoting TRX cryptocurrency in what the regulatory body deemed an "unregistered sale of cryptocurrency securities." The revelation of such a substantial bitcoin portfolio may draw further attention from regulatory authorities and the public alike, spotlighting Sun's cryptocurrency dealings.

Justin Sun's disclosure, intended to dispel doubts about his use of HTX, potentially sets a precedent for transparency in the cryptocurrency space. However, it also navigates the delicate balance between proving platform loyalty and attracting regulatory gaze, especially in light of past legal challenges. Sun's commitment to HTX and the broader exchange ecosystem remains evident, as he navigates through the complexities of cryptocurrency advocacy and regulation.