Posted in: Cryptocurrency News
Published:
December 12, 2019 5:32 PM UTC

Justin Sun Hilariously Booted from Weibo as TRON (TRX) Resumes Brutal Slide

TRON founder Justin Sun and Binance co-founder Yi He were both kicked off the Chinese social media site Weibo, as the TRX price took a hit.

  • Justin Sun’s Weibo account got deleted for violating community laws and regulations.
  • Co-founder of Binance, Yi He, was also booted from Chinese social media site.
  • Sun vows to resolve situation as TRX price suffers flash drop.

Controversial TRON (TRX) founder Justin Sun had his Weibo account deleted on Thursday, along with the co-founder of Binance, Yi He.

The Chinese social media site saw fit to delete both users’ accounts for violating community provisions. The following message now greets users who click on to Justin Sun or Yi He’s accounts:

“…the account has been blocked due to violations of laws and regulations and the relevant provisions of the Weibo Community Convention.”

Justin Sun Vows to ‘Resolve’ Situation

Justin Sun took to Twitter to calm fears that this would affect the health of TRON (TRX). Sun vowed to resolve the issue asap via his direct channels to Weibo.

“TRON is super safu! Just follow me on @justinsuntron. We have a direct channel to Weibo and will get this resolved asap.”

This is the second time Weibo has targeted accounts tied to TRON and Binance. In November, Binance’s channel was blocked, as was that of the TRON Foundation.

The response to Sun’s claim that he would soon resolve the situation was cynical at best. Many derided him for his spectacular past predictions, where he suggested TRX would be in the top-4 cryptocurrencies by the end of the year.

Even Binance’s CZ had to remind Sun not to flirt so dangerously close to violating investor advertising/promotion laws.

Justin Sun had to be kept in line by Binance’s Changpeng Zhao (CZ) | Source: @CryptonatorFR

TRON (TRX) – The Long Slide

As we near the turn of the year, TRON finds itself ranked 14th in the market cap rankings. On Thursday, the value of TRX coins sunk to $0.013536 – a 4.3% drop which struck in the space of thirty minutes. The stumble in TRX’s fortunes appeared to coincide with the Weibo news.

The shoe was on the other foot this past week, as Sun booted DigiByte (DGB) from the Poloniex exchange, which Sun recently purchased. DigiByte founder Jared Tate blasted back, calling TRON a “Chinese government scam coin” – the presence of which on Binance’s U.S. platform threatens to undermine American lawmakers.

This article was edited by Sam Bourgi.

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Last modified: January 22, 2020 11:41 PM UTC

Greg Thomson @@gregthomson88

Greg Thomson is a blockchain and cryptocurrency journalist who wades through the dirt so you don't have to. He contributed to numerous crypto news outlets before joining CCN.com and Hacked in 2018. Based in Glasgow, Scotland.

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