By Olivier Acuña | TH3FUS3 Chief Editor
Justin Sun criticized cbBTC for lacking Proof-of-Reserve and potential risks of government intervention. Coinbase CEO Brian Armstrong fired back, stressing transparency and compliance. The debate underscores the growing importance of Proof-of-Reserve in the crypto industry.
Sun now holds 392,474 ETH worth just under $1 billion, which means he is about 200 million in the red
This appeal coincides with former US President Donald Trump's plans to elevate Bitcoin's role in the global economy
Sun emphasized the importance of aligning with a candidate who endorses cryptocurrencies