Tron's Justin Sun Gives Official Statement on Police Incident

Justin Sun and Tron had some strange news out this week regarding their potential entanglement with the Beijing police. However, on further review, it looks like the police are protecting the Tron building.

Fake News or Fake Investment Scheme?

Those who feel bereft by a scam run on the Tron blockchain ("Wave Field") may get some solace in the fact that Justin Sun is thinking a lot of you. His initial response didn’t bring good cheer:

The cryptosphere got it wrong this time, though. There’s no reason to believe that Tron is in any trouble.

Comedy crypto Twitter wasn’t far behind:

On that note, one has to wonder if poor translations didn’t somehow stoke the original incident:

Since the original incident and subsequent reporting, with some space to reflect, Sun decided to deliver a more healing message through a spokesperson.

“The very heart of TRON’s mission is to promote a fair and open internet that does not stifle discussion and dissent, however I also believe there’s a heightened responsibility from those disseminating news to be fair AND accurate. The twisting of events did nothing to help people who in some cases saw their life savings wiped out, while it hurt investors in the TRON community who saw the value of their holdings decline on fake news.”

In a Trump-esque move, Sun calls out the “fake news” media who promoted a story that wasn’t verified. CCN, like most professional outlets, posted a correction – not just an update to the original article but a new one explaining the sequence of events.

Tron Casinos

Sun took no responsibility for the Tron Network’s dominant usage as a gambling platform. As the network matures, some casinos continue to push the limits.

One of the most famous Tron casinos, TronBet, recently launched Texas Hold Em poker and slots – all delivered and decided on-chain.

The stance is contrary to a prior statement from the Tron Foundation, which promised that it would work with the Japanese government to combat illegal blockchain gambling. For Sun or the Tron Foundation to pledge anything, they must have the power to do something.

The logic of the impoverished Chinese investors is simple enough, then: we lost our money in a scam, not even gambling, and you won’t act on that?

It’s unknown what, if anything, Sun can do besides ensure authorities have help using the blockchain to track the scammers.

The Tron price dumped after all the drama.

This article is protected by copyright laws and is owned by CCN Markets.

About the author

P. H. Madore
P. H. Madore

P. H. Madore has written for CCN since 2014. Please send breaking news tips or requests for investigation to [email protected] He lives in Maine, USA. A single father of four young children, he does not discourage financial donations, provided they do not come with strings attached.

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