Justin Sun secretly secured 90% of the assets managed by Valkyrie Digital Assets

He will provide $ 580 million in assets under management (AUM) Which means that the company was totally dependent on Sun's funds. Such cooperation was beneficial for the Tron empire. CoinDesk edition got access to very scandalous private documents. They show that the head of Tron was the majority provider of assets under management (AUM) for Valkyrie's key division, Valkyrie Digital Assets.. We are talking about the amount of $ 580 million in BTC that he kept at the time of August 2022. In other words, the Valkyrie Investments fund, which offers crypto products to investors from Wall Street, used mainly Justin Sun's funds.. At the moment, the current state of Valkyrie reserves is unknown. Sun previously admitted that he is one of the largest shareholders of Valkyrie. The story is scandalous in that it again casts doubt on decentralization in the crypto industry. Whatever the case, she is greatly influenced by the whales. Investment in the Valkyrie benefited Justin Sun's empire.. So, the company created investment products that were used exclusively for TRX Tron and BitTorrent BTT tokens.. Valkyrie also advertised the Tron project with their own marketing materials. The danger of Sun's undisclosed huge stake in Valkyrie assets is important to the crypto community. This raises questions about the company's total dependence on one “whale.” At the moment, both Valkyrie Investments and Justin Sun have declined to comment on the news.