Justin Sun: The Next Do Kwon or Sam Bankman-Fried?

The similarities between Justin Sun, Sam Bankman-Fried, and Do Kwon, along with the potential risks associated with Sun's influence in the crypto industry, raise concerns about the potential damage that could be caused if Sun's Tron blockchain were to collapse. Additionally, the use of Tron USDT and the lack of transparency and decentralization in the issuance of pegged assets on the Tron blockchain further accentuate these concerns.

coindesk.com

Relevant topic timeline:

9/16/2023

Justin Sun Mints $865M in TUSD Stablecoin, Deposits to His TRON DeFi Platform Amid Fraud Allegations

TRON founder Justin Sun has minted $815 million worth of TrueUSD (TUSD) despite limited adoption of the stablecoin, sparking concerns within the crypto market about the stability and full collateralization of the stablecoins.