The post Justin Sun Allegedly Removes 12,000 Bitcoin from USDD Collateral Without DAO Approval appeared on BitcoinEthereumNews.com.

**TRON’s USDD Allegedly Removes 12,000 Bitcoins from Collateral Without DAO Approval** According to recent claims, Justin Sun and the algorithmic stablecoin USDD, associated with the TRON blockchain, have reportedly removed approximately 12,000 bitcoins from its collateral without obtaining approval from the DAO. This news has stirred concerns within the crypto community regarding the transparency and governance of the TRON-based stablecoin. The removal of such a substantial amount of bitcoin collateral raises questions about the decentralized decision-making process of the DAO and the stability of USDD. Further details and official statements are awaited from the TRON team. $TRX $USDD Don’t forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news. Source: https://en.coinotag.com/breakingnews/justin-sun-allegedly-removes-12000-bitcoin-from-usdd-collateral-without-dao-approval/

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Filed under: News - @ August 21, 2024 10:22 pm