SEC Case Against Crypto Mogul Stirs Questions Over Key Exchange

The TRX token at the center of fraud charges against digital-asset mogul Justin Sun makes up a significant slice of the reserves at the Huobi Global crypto exchange, where the China-born entrepreneur is an adviser.

TRX — commonly referred to as Tron — comprises 18% of the reserves at Huobi, a major crypto platform, according to data from DeFiLlama. Doubts about the coin could reignite concerns over the strength of Huobi in a digital-asset sector fearful of collapses following the unraveling of the FTX exchange.

TRX, the native coin of Sun’s Tron ecosystem, slid almost 16% at one point on ...