TechFlow reports that in response to a post by 0xScope claiming "Sun Yuchen is suspected of cashing out over $1.1 billion since November 7," Sun Yuchen replied on Twitter: "The rumors about large-scale cashouts are false. I have always been highly optimistic about the industry's development. The transactions in question were merely cross-chain transfers between different stablecoins. We remain committed to ensuring sufficient stablecoin availability across all chains and to building robust industry infrastructure."
Earlier, 0xScope had tweeted that since November 7, Sun Yuchen is suspected of cashing out 626 million USDC and 501 million BUSD, mostly by transferring stablecoins from Tron to Binance, then withdrawing them to Ethereum and depositing them into Paxos and Circle.Original link
