Update: Justin Sun Charged with Money Laundering in China

It has been confirmed that Tron’s CEO, Justin Sun, has been charged with money laundering. This morning, Justin postponed a lunch date with Warren Buffet, the world-famous investment guru, saying that he had suddenly discovered that he has kidney stones. 

Mr. Warren is an eighty-year-old cryptocurrency skeptic and the chairman of Berkshire Hathaway Inc.  The lunch date was a greatly awaited occurrence by the crypto community, and it was disappointing that it did not go through. However, the parties have agreed to reschedule.

Justin had stated that he looked forward to the lunch with Mr. Warren so that he could learn more on cryptocurrency and the progress made in the industry from the guru. He also said that he wanted to give Mr. Warren a smartphone with cryptocurrency so he can have a feel of using the technology. A few hours before the lunch was postponed, Justin was actively tweeting invites to individuals for the said lunch. Several prominent figures in the crypto industry were expected to be at lunch between Mr. Warren and Justin Sun on Thursday this week.

Sun Issued with an Exit Ban by The Chinese Ministry of State Security

Reports on Weibo claim that Justin was issued an exit ban by China. The Chinese Ministry of State Security issued the exit ban to conduct a money-laundering investigation on Sun. It is now believed that the ban was the reason behind him canceling the earlier plans with Warren in San Francisco. When reached for comment, Sun was hesitant to respond. 

Justin Dismisses the Money Laundering and Illegal Activities Accusations as Rumors

People in the community believe that the kidney stone diagnosis is just a cover with the actual reason being the exit ban and the ongoing money laundering charges. Justine later denied the reports stating that he has never engaged in illegal activities within China. On his Weibo account, he went ahead to say that the rumors circulating on the internet were false and that Tron was not engaging in money laundering or illegal activities as accused.

This issue has led people to think that Justin has not been honest since the time TRON launched. Many people in the crypto industry are upset with this new Tron’s Development, which has caused its price drop by 15%.