(BlockBar) According to Sina news on July 24, TRON, cryptocurrency, fell 21 percent after Justin Sun announced that he had postponed his charity lunch with billionaire Warren Buffett because of kidney stone.
The news sparked a flurry of speculation on twitter and Chinese social media. Some media reported that Justin Sun, founder of the TRON, has been blocked. The website also cites concerns over alleged pornography-related transactions in his Peiwo social media, fundraising and gambling.
On July 18, Justin Sun’s social media Peiwo applied for cancellation for the record, because of the resolution to dissolve. Justin Sun claimed in the morning 24th in Weibo, Peiwo APP coordinates with regulating institution’s action the first time. They rectified the negative contents posted by users on the platform.
Justin Sun made several simple responses to the controversy and doubts, stated that the photos posted online were not true and were all PS. The information of illegal fundraising posted online was not true, and after the Chinese government banned the initial public offering of coins in September 2017, Tron foundation returned the funds, which was highly recognized by the regulatory authorities.
He also pointed out that the rumor of money laundering wasn’t true, for Wave field foundation is in Singapore which is in line with the local laws and regulations in Singapore, the Wave field protocol is a set of decentralized blockchain agreements, engaged in technology research. Furthermore, he expressed that Wave field does not involve any cash flows.
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