Justin Sun Issues Statement on Altcoin Allegedly Seized by Him

Justin Sun has released a statement addressing concerns within the cryptocurrency community about his involvement in various projects, particularly Wrapped Bitcoin (WBTC). He clarified that there have been no changes in WBTC and that audits are conducted in real-time and are accessible through the WBTC network. Sun emphasized that the minting process of WBTC is still fully managed by custodians Bitglobal and Bitgo, following the same procedures as before. He assured that the private keys to the WBTC reserves are not under his control, and he cannot move any BTC reserves. Sun expressed his intention to provide transparency regarding his level of involvement in different projects, stating that it varies. His statement aims to address these concerns and foster a better understanding of his role within the projects. Please note that this statement should not be taken as investment advice.