On May 2, @trondao's X account was compromised for about an hour.
Scammers posted a fake contract address, sent DMs, and followed random accounts.
A TRON team member was socially engineered, and that’s how access was gained.
Even after being kicked out, the attacker kept trying to sell fake promo slots from the account.
Funds linked to this scam were deposited on OKX.
Justin Sun shared a tweet and asked @okx to freeze the funds, but OKX CEO replied that they’ll only act if law enforcement gets involved, not based on tweets.
Now all posts from Justin Sun have been deleted.
TRON also says recovered funds will be returned to the community..
US Treasury Forecasts Stablecoin Market to Reach $2 Trillion by 2028
The US Treasury has released a report suggesting the stablecoin market could see an 8.3x increase, reaching $2 trillion by 2028, driven by the growth of the cryptocurrency and digital asset economy. This projection is based on the successful passage of the GENIUS Act, which would set clear regulatory guidelines for stablecoins and thus foster market confidence.
The report also notes that stablecoin transactions could grow from $700 billion to $6 trillion per month, representing about 10% of global forex transactions. Additionally, the Treasury predicts that stablecoin issuers could hold around $1 trillion in short-dated U.S.
Treasuries by 2028, and that stablecoins could provide users in emerging markets direct access to US dollars without the need for a US bank account. Currently, Tether dominates the stablecoin market with a 61% share.