Wealth trump card exposed: How Sun Yuchen’s crypto empire was overturned by a list
When Bloomberg’s seemingly routine financial report quietly went online at the end of July, the entire crypto world had not yet realized what kind of storm it would trigger. Until readers noticed the suffocating numbers in the report – the detailed disclosure of Sun Yuchen’s asset list to two decimal places – this wealth revelation, comparable to the transparency practice of blockchain, instantly triggered a double shock from the cryptocurrency circle to the mainstream financial industry.
The numbers displayed on the list are enough to reconstruct people’s understanding of crypto tycoons: a wave field kingdom built with 60 billion TRX, a digital gold reserve composed of 17000 Bitcoin, an intelligent ecosystem built with 224000 Ethereum, and 700000 USDT cash equivalents. Behind these cold numbers is a crypto asset empire worth $8.5 billion. What is more shocking is its absolute control over 90% of the shares of HTX Exchange, a platform that used to fight the market in the name of firecoin, and now it has almost become the private property of the Sun family.
The reason why this asset exposure has a nuclear explosion level impact is that it ended the long-standing wealth scandal. As the most controversial wealth creation myth in the cryptocurrency industry, Sun Yuchen’s true wealth scale has always been shrouded in fog: media estimates range from 3 billion to billions of dollars, and various versions of asset restructuring stories are circulating in the community. And this unexpectedly exposed list not only shattered all speculations with data, but also exposed the capital map of this post-90s cryptocurrency tycoon in the spotlight with almost blockchain like transparency. Even the most experienced cryptocurrency analysts have to admit that this may be the most thorough wealth bottoming out event in industry history.
BINANCE:https://binance.com/join?ref=E2222