Justin Sun’s HTX (formerly Huobi) turns off proof-of-reserves as TUSD struggles
Crypto exchange HTX, formerly Huobi, has raised concerns after abruptly disabling its proof-of-reserves system, according to Adam Cochran, managing partner at Cinneamhain Ventures. This unexpected move coincides with TrueUSD (TUSD), which is alleged to be owned by HTX stakeholder Justin Sun, struggling to maintain its $1 peg for more than two weeks. Earlier today, attempts to access HTX’s proof-of-reserves page revealed a complete lack of information about the exchange’s cryptocurrency reserves. This included missing data on reserve rates, wallet balances, and user asset totals. Although the page is now back online, the timing of this temporary outage raises concerns, especially