What comes as a shock to many, rumors are on the rise that Tron founder Justin Sun has been handcuffed by regulation enforcement officers in Hong Kong. The particulars shared on Twitter are imprecise, nonetheless, many have come ahead to name it out as a deliberate try and FUD the crypto mission. At the time of writing, the TRX token has succumbed to the continued rumor as its value dropped by 1.2% in minutes following the information.
Justin Sun Replies To Controversy
However, Justin Sun has lastly responded to the rumor and his assertion consists solely of the quantity “4”. This comes after the CEO of Binance, Changpeng “CZ” Zhao, mentioned the identical factor not way back in response to experiences that the CFTC had filed a lawsuit towards the cryptocurrency alternate. The quantity 4 refers to a tweet that CZ had beforehand despatched out with the purpose of “Ignore FUD, fake news, attacks, etc.”
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Moreover, Sun had been actively sharing developments from his Hong Kong tour. He had even shared an image along with his former mentor.
With my mentor in Hupan University, former CSO of Alibaba group. pic.twitter.com/uo3dwDo0vL
— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 11, 2023
Not simply Sun, there have been others who’ve vehemently refuted the declare as nicely. While some questioned the legitimacy of the rumor because the Tron founder was seen to attend a number of occasions, others outright termed it as an ill-attempt of spreading pretend information.
Sun’s Growing Number Of Hurdles
On March 22, 2023, The US Securities and Exchange Commission (SEC) announced charges against Sun alleging unregistered provide and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT). The company additionally charged Sun and his corporations with fraudulently manipulating the secondary marketplace for TRX by in depth wash buying and selling.
As issues at present stand, the price of TRX is exchanging palms at $0.061, which represents a drop of 0.90% over the previous 24 hours in distinction to a achieve of 0.64% recorded during the last seven days.
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