Tron CEO Justin Sun has finally emerged to deny allegations that he is on the lam and not, as he said yesterday, suffering from kidney stones.
Caixin, a Chinese financial publication, earlier reported that a government panel had reviewed Sun’s business activities – between his social app Peiwo and the establishment/funding of the Tron Foundation – and suggested that authorities wanted to detain Sun.
Reportedly, Justin Sun’s name appears on a government “exit ban” list in China, the equivalent of the USA’s “no-fly list.”
Sun insists he is fine, but Tron’s price has been tanking all the same.
In his pithy post on Weibo, a Chinese social networking giant, Sun said:
“I am fine. When the condition recovers, I will meet the outside world and let everyone [not] worry.”
The Block cites anonymous sources to report that Justin Sun is, in fact, in San Francisco. Sun’s location has not been publicly known for a few weeks now. He was scheduled to have lunch with billionaire Warren Buffett on Thursday, for which Sun forked over more than $4.5 million in a charity auction. That lunch has since been suspended.
Meanwhile, as CCN reported earlier Tuesday, unconfirmed sources claim that the “Tronfluencer” event will still be happening on Thursday in San Francisco – without participation from Justin Sun or Warren Buffett.
Last modified: January 10, 2020 3:10 PM UTC