1/ $USDD is not safe!
#USDD has been depegged since Nov 9 and has not returned to the peg!
#USDD reserves decreased by 548M $USDC
Justin Sun used the 350M $USDC in the reserve to repay the loan in #Justlend.
The real Collat. Ratio is only 50%!
Here is some evidence.👇
2.
#USDD has been depegged since Nov 9 and has not returned to the peg!
Now the trading price is $0.9812.
And #USDD accounts for 81.25% of the Curve USDD/3CRV pool.
3.
On Nov 10, #TRON still had 990M $USDD in its reserves, and now there is only 442M $USDC left.
548M $USDC disappeared? @justinsuntron
4.
3 days ago, Justin Sun transferred 550M $USDC from the reserve to 3 addresses.
tronscan.org/#/address/TSF2…
5.
300M $USDC was transferred to the address "TGfWKt" to repay the loan at #JustLend.
tronscan.org/#/address/TGfW…
6.
200M $USDC was transferred to the address "TJkgTC".
Then address "TJkgTC" transferred 200M $USDC to #Binance.
tronscan.org/#/address/TJkg…
7.
50M $USDC was transferred to the address "TUjx6w" to repay the loan at #JustLend.
tronscan.org/#/address/TUjx…
8.
There is only 442M $USDC left in the reserve, all in #Justlend
But 332M $USDC loaned on #Justlend and only 139M $USDC available.
9.
So the total assets available in the treasury are 139M $USDC and 14,040.6 $BTC ($225M).
A total of $364 M of assets.
But the total supply of $USDD is $725M.
The Collat. Ratio is only 50%!
10.
We also found that Justin Sun withdrew 170 M $USDC from #Binance and transferred to #Circle 9 hours ago.
To exchange for USD cash? @justinsuntron
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