Justin Sun, founder of Tron, has debunked rumours that he was being prevented from leaving the country by Chinese authorities.
The drama all started a few days ago when Sun was forced to postpone his much anticipated lunch with Warren Buffet – a dinner which he’d also invited other notables from the crypto world, and even president Trump to (after Trump’s Twitter rant against cryptocurrencies – read more).
Sun blamed the last minute delay on kidney stones, but it started a storm of speculation. Then, on 23rd July, Chinese media site 21st Century Business Herald claimed that Sun was subject to a travel ban while under investigation for illegal activities relating to Tron, and was still in China, not in San Francisco as Sun claimed.
More specifically, the report suggested that Tron’s fundraising had been illegal, and apps on his network were advertising pornography and gambling – both illegal in China, and that Chinese authorities were seeking his arrest.
Of course, this prompted Sun to prove his whereabouts with photos (which turned out to be San Francisco after all), and point out that Tron returned all Chinese investments as soon as ICOs were banned in the country. He also emphasised that Tron has worked closely with Chinese regulators to ensure compliance, but that because the platform is decentralised, it is impossible to completely control.
AYO.NEWS says:
Though the episode has been entertaining, resulting in plenty of first-class social media satire, the negative publicity has likely contributed to Tron’s recent decline, which has seen it slide 35% in two weeks. As they say, ‘mud sticks.’
AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.
