Bitcoin Forum

Hello everyone! I was interested in the news about the accusation of Justin San by the Chinese media 21st Century Business Herald. I respect Justin and his company TRON, which is well developed in the crypto market, but I did not understand why the media suddenly accused the man of money laundering and fraud. What was that? ??? ??? ??? Or is it an attempt by haters to create FUD around TRON to hurt the company and to lower the price of the coin (if yes, that was successful, TRX price plunges more than 15%)

https://cointelegraph.com/news/tron-price-plunges-as-justin-sun-denies-money-laundering-accusations

The media is probably trying to spread fake news, but I don't know, as it's said to be false as people are saying that Justin actually did a livestream in San Francisco, so this automatically makes the "locked inside China" news false.

With that said, I don't know how you can call the Tron project, a mostly hype-based coin, "well developed". :P

Perhaps this hype is done artificially in order to attract more attention to the coin. Even the bad news want to draw attention to the project. I want to believe that the project will get out and give a good course for investors, as well as bypass the price of its opponent Neo.

Wouldn't surprise me, but probably just some fake news from salty fudders

It's a big accusation, the media has to prove that in the court first, I would consider that as a FUD.
Media should not spread based on rumors only, or on their speculation from whoever source they are basing, this is a serious matter, they can be sued for this.

As an investor in the TRON, I was quite worried as soon as I saw the post on twitter.
I think so far if I not mistaken there is no concrete proof that he actually laundered the money so all this at the moment points toward FUD.

Good or bad publicity is still publicity, they do publicity so people will ask who is Justin Sun and it's Tron coin, and people will Google or check the guy and his coin of course and that's when the magic begins, coins with great products and platforms need to attract people who will look into their project.

Bring big whales investor like warren buffet really good move,this is a big step if it really happens, despite that this is a propaganda to attract more and more people  especially newbies to look at tron, justin sun doing good job in the matter of controversy as did John Mc Afee

This is not the first time that Justin Sun has been targeted by the media, so I'm not surprised if this is another demolition job on him. I don't know who is behind, maybe some entity or even a direct competition. I'm not saying that Justin is not a bad actor, but this kind of news is not new, even in other markets, there are fake and rumoured news so I won't just judge him by this kind of articles.

Tron is among the worst altcoins out there that didn't have any real development or innovation in it but at the same time millionaires behind it that have been hyping the project day and night. they even bought bittorrent brand to use it to advertise their crapcoin. all these news that we see is part of that hype they started and news sites are enjoying anything that is hot no matter if it is negative or positive or even real.

I have seen a lot of tweets and posts in some social media sites, including some of the Telegram Groups that I’m a part in. I’m trying to understand why they decide to start spreading that? Did I think to myself that is it true? Could the cryptocurrency, Tron, be used to do those alleged things, like the money laundering, porn sending, etc. I don’t know the right specifics, but that’s the gist of it.

It’s up to the person to believe if it is true or not. The decision comes is that if you have a lot of Tron and you choose to HODL or Sell it. That’s just the reality.

it you are reading the news properly and you can see the majority of accusations are coming from china and the regulators were taking it as a serious problem. it's not only from the salty fudders.
It looks like CEO of tron never try to spread any awareness about the scam project that used the name of tron like what already did by vitalik.

TRON is a very a successful project and a thread to the top coins, the chance of it taking over the ones above it are pretty much higher. I'm certain all these are somewhat a harassment to Justin Sun and to the project as well. Sun is by far the most creative in crypto advertising and are very visible with his money which is why the government is finding some ways to get him as well. But if he really has all these money laundering and fraud deeds, he wouldn't be this visible to the public.

Successful in terms of what? Creating hype by making announcements of announcements from time to time?

Shouldn't that be a red flag for you? That most of what this guy does is to just spread their name out to hopefully pump the price?

I think Sun is a very good marketer in this market and this coin really has great potential to be able to raise prices further in the near future. I have observed the volatility of TRX over the past year and many technological changes of this coin so Sun is certainly one of the marketers the world needs in the future. I personally don't think Sun is involved in money laundering cases because he doesn't have any reason to do that.

There was some FUD, and it was related to his meeting with Buffet. The problem was that nobody knew about the real reason, somebody talked about health problems, somebody about financial sanctions from China side against Sun. But right now, it seems like everything recovers.

Do you know that after his controversial tweets CEO of Tron invites Trump to a lunch? There was information that Sun can not leave China, next he tweeted from San Francisco. What is going on? https://blocktoq.com/justin-sun-postpones-lunch-with-warren-buffet/  :D ???

You cannot bring a good project down if Tron is really a good project, it can overcome any FUD that comes along the way, there are a lot of bad news going on around now, and I'm pretty sure that Tron has their own media network and they will try to combat these FUDS we will wait for their announcement soon.

I think all he did was to stage this meeting just to manipulate the price of tron to get it pumped and eventually dump on unsuspecting victims. Personally I do not buy into fundamentals, I only stick to technicals as a trader and if it is met by fundamentals will become my gain or loss as the case may be

Money laundering accusations are serious allegations that cannot be thrown under the carpet but I believe there are ways to go about the investigation and prosecution not on the pages of newspapers whether print or online. Whether it is FUD or real we wont really know until the relevant government agency completes its investigation which is subsequently made public. However, there is also the part to consider which is how the crypto world would react to such news and the effect on its company as a whole.

Tron-Justin Sun; Binance-CZ, don't trust them, just follow what the FUD is and do it opposite way, =]]]
No matter what, even I don't really like china, I have to admit that they are really talented, represent for younger generation of country, which would dominate the world in near future

China is trying to diminish the power of crypto hard. They are really afraid that if world moves to bitcoin instead of dollar that their yuan would lose its value. They are aiming a world where everything is calculated in yuan instead of dollar, to be honest with you dollar is losing its value a lot and in a world where bitcoin and crypto doesn't exist there is a big chance euro or yuan will fill the void dollar will create when eventually it becomes very low.

Moreover, with crypto there is a chance that will get a big market share and Chinese government do not want that, that is why they are trying their best to stop all attempts that would make crypto bigger. Justin has a meeting with Warren Buffet the biggest investor in the world and they really do not want anything good to come out of that.

there is no proof from the media if justin sun is exposed to money laundering and fraud cases. maybe there are people who don't like the tron company that is growing rapidly, so they made an accusation that would destroy Tron's company. do not believe in the media if there is no strong evidence of these charges !!

Where there is smoke, there is also a fire. 🔥
We should just look past the fact that we are holding TRX for a second and see if there is any truth to the words, I highly doubt a reputable media house would put it's neck in the line just to lower the price of TRX, there are more subtle ways to do that.

Yeah, I certainly don't trust the media or their "unspecified sources", and this is also China we're talking about.

I did find this interesting:


And I'm wondering if that's actually the case.  My guess is that it probably is, whether these allegations against him are true or not.  I'm not sure what all the gambling and pornography stuff is all about, as the article isn't very well written. 

Man, the media loves slamming anyone involved in crypto.  It's very sad IMO.

i hate it but in this society that we're in, it is just normal that there would be some people or many people trying to put you down when you are above them. I believe in justin sun and i believe in tron too. I know this won't be the last time that tron will get bash.

Y'all remember when Justin Sun announced a $20,000,000 airdrop and decided to do a twitter giveaway where he would be giving out a Tesla? He chose the winner of the Tesla and promptly refused to give the guy his winnings, I don't care if he later gave it to the guy, what matters to me is the fact that he ever thought of regenading in his promise in the first place, that was when I lost my trust in him.

I think this may not be fake news as some local agency or financial authority can investigate anything if they find something suspicious against anybody and it may not be correct in the end, even in my country they are stricting checking everything and every transaction to stop money laundering and tax evasion.

Most likely Justin Sun is engaged in illegal business. Because he had enough money to revive an unsuccessful project. Where does he get the money?)

I think this is a good marketing move. Any popularity will benefit the project. I'm sure there's no such thing as black PR.

For now, I would still like to see it as FUD news, but if we are to face some realities too, I think some things are actually not mixing up, why is it now that Justin is being accused of money laundering that he came up with an apology letter excusing himself from the meeting with buffet as a result of the sudden illness that came upon him over night.

This is usually the excuses many of these corrupt people do make to avoid maybe arrest, prosecution or embarrassment from the eyes of the public, but I hope this will not be true though, because this will really be an eye saw for the cryptocurrency industry if all Justin as been doing about Tron is to launder money. I don’t even see what the fud news about justin will affect in TRON, because Tron value is still quite low and would not see anything that will make it dump again.

This Chinese businessman won the lunch auction with Warren Buffett. He proposed the highest rate of Rp. 64 billion at the annual charity auction. but the moment hasn't been reached yet, the Top 2 artists are involved, so this is HOT news, of course the media highlights seriously and there needs to be news spices. this is not the first time for Sun. so I think the media only wants to find news that is in demand by reader

So you see how rumors can affect everything. The information that Justin Sun was under the trial appeared, and TRON started to fall even rapidly than before. I do not think that TRX is the scam project. You will see, in 2 years or even a bit earlier, they will go up and probably, even come to the top-5 by the market capitalization.
They will return popularity.

Justin Sun with TRON is a good example of centralized coin. TRON can´t exist without Justin Sun, so why we are talking about decentralized cryptocurrencies?

This looks more like a well planned exit-scam other than anything else.

Justin going to jail, tron being a shitcoin, cancelled dinned with Buffet... All these sounds like they were planned way before.

Tron was a shitcoin since the beginning and whoever bought this shit deserved to be ripped off.

Same goes to Ripple and Bcash too.

These are issues that is an attemp to put him down but they have to prove it in the proper forum and that is in the court. We can't just accuse a guy of doing something in social media without proof.

It is true that he is hyping his projects for his own good. And he said that he would stop it, but i didn't see that on Twitter. But TRON project development is still going in the right direction. It does not look like a scam project.

There has been some rumors since way long because people think Justin is always trying to create some pump awareness for the Tron , and considering the recent tweet about offering president trump a offer of launch with buffet after his tweet about bitcoin created a lot of FUD which he later apologized for! This is why the media is acting alongside the FUD!

This is just another baseless accusation giving him and his coins more publicity then they deserve, and this news shall soon be forgotten in few days because the media will stop highlighting it. @zviadits I’m surprised that you said Tron is a well developed coin?, I’ll suggest you to do more research about crypto’s as you seem to be lacking necessary information about them. @zhea I don’t think there’ll be any court case based on this news, also I feel it’s about time we move on from this news.

What's that saying again? Sell the rumor and buy the news? Or was it the other way around now? Anyway, you TRX supporters of course will defend Justin, and so would I, I guess. But to me, anyone who is corporate and has a private blockchain and then wants to have lunch with Warren B means they only care about money. So tax fraud and whatever I'm not surprised. But that doesn't make him a bad guy, all these guys do the same, just some get caught.

The news spreading through media will really influence the condition of someone or company or in this case, a coin. As what happened to Justin, I don't know what exactly happens. But, do they really have the proofs that prove Justin mistaken? The accusation may be wrong or true depending on the proofs. But of course, this news will really influence TRX. Let's see further happening. 

https://i.ibb.co/JmWq2yB/image.png

This image shows the reality. This shows the Justin Sun's brilliant plan. And many people are buying his promises, while he can easily dump his coins because he is printing them.  :)