‘Someone’ is spamming thousands of addresses with stUSDT
Since its launch, Justin Sun’s new Tron-based protocol Staked Tether (stUSDT) has experienced numerous issues, including false marketing promises, centralization, and now spam. The project’s marketing describes it as a protocol where users can provide Tether s that will then be invested to earn yield by the Real World Asset Decentralized Autonomous Organization (RWA DAO). Unfortunately, Protos was unable to identify a decentralized or autonomous organization governing these investments. Additionally, it claimed it was launched in collaboration with the JustLend DAO but Protos was also unable to find any discussion in the JustLend governance forum or any governance proposals related to the launch of RWA DAO. The tokens that have been issued so far are controlled by a few wallets connected to Sun , with approximately 85% at Huobi and the remainder in wallets that he appears to control. On-chain data shows Justin Sun controls virtually all stUSDT Nearly all of the mo...