How Did Justin Sun Reacted To Money Laundering Allegations?

1 min reading
How Did Justin Sun Reacted To Money Laundering Allegations?

After Justin Sun announced a delay in a lunch meeting with Buffett, the media began to suspect money laundering and other legal problems that prevent Sun from leaving the country. Yesterday, Sun published a video in which he responds to the allegations.

Let's start from the beginning...

On June 3 Justin Sun (TRON's CEO) informed the community about winning an eBay charity auction. The prize for winning the auction was lunch with investor Warren Buffett, which was supposed to take place on July 25. However, on July 22, the Tron Foundation announced the postponement of the meeting, informing that the reason standing behind it are Sun's health problems. The announcement did not remain unanswered. A day later, 21st Century Business Herals social media published an article accusing Sun of illegally raising funds through the Tron project. In addition, the Tron was also accused of managing illegal gambling services and engaging in pornographic activities. The media suggested that Sun must not leave the country and that's the real reason for canceling lunch. Shortly after that, Sun replied through his Weibo account to deny the allegations.

Justin Sun responds to further accusations

Soon after, Caixin media outlet based in Beiling reported that Sun is under the control of the Chinese government. It means that he was not subjected to official charges, but he was not allowed to leave the country. To settle the whole thing down, Sun published a video from San Francisco on Twitter later this day (July 23), refuting reports saying that he must not leave China because of a police investigation. In addition, he posted his photo with Bay Bridge in the background.
What is the Tron (TRX) price after all of that?
The price of Tron (TRX) has improved after Sun appeared on Twitter. It increased by 2.27% after publishing the video. Throughout the day, the coin recorded losses exceeding 13%. The declines were caused by earlier reports of the Chinese media.