Justin Sun plays games with HTX reserves

https://protos.com/justin-sun-advised-htx-plays-games-with-its-reserves/

• Utilizing the tool HTX distributes to verify its proof-of-reserves, we can determine that the category described as ‘USDT’ actually contains other assets, including $460 million worth of stUSDT, representing approximately three-quarters of all USDT on the exchange ... These activities raise serious concerns about the quality and safety of USDT reserves on HTX.
• TRX tokens are counted both as assets for HTX and as collateral for USDD.
• A review of the HTX proof-of-reserves reveals that of the 25735 bitcoins stored on HTX, a total of 14108 — more than half of the total — are wrapped version with no transparency.
• HTX’s proof-of-reserves reports a total of 92630 ether on the exchange, but the vast majority of that is the 52103 stETH
• HTX was hacked last year but is still lying about it, falsely claiming to Protos that “the platform has never had any security incidents in the past 10 years.” Even when pressed, and previous disclosures of the hacks were highlighted, HTX continued to lie and falsely claim that no security incidents had occurred.
• Protos has reached out to HTX with questions about its reserves but at press it has not responded
• ...