Justin Sun and a rumor around him

[zviadits]

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

[mk4]

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".

[pishite]

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.

[TrueColorsBby]

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

[Distinctin]

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.

[peterlustig]

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.

[coin-investor]

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.

[HellDiverUK]

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

[Baofeng]

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.

[Herbert2020]

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.

[crwth]

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.

[asriloni]

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

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.

[bittraffic]

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.

[mk4]

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.

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

Sun is by far the most creative in crypto advertising

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?

[cryptothreads]

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.

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.

[cudora]

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.

[Blocktoq]

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/ 

[robelneo]

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.

[Iykecollinz]

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

[audaciousbeing]

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

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.