TRON: What do ‘front running’ accusations against Justin Sun mean for TRX
No news is good news, they say. It sounds hard to believe in the crypto-industry, but Justin Sun might be feeling that way after an investigation by The Verge alleged that the Tron founder tried to violate international laws and did insider trading.
After Sun furiously refuted the claims, TRON [TRX] took a hit and and all eyes are now on the founder.
The Verge’s lavishly designed deep dive piece by Christopher Harland-Dunaway levelled a number of serious accusations against Sun. Apart from possibly violating ICO bans in China and trying to evade SEC influence in the USA, the piece alleged that TRON also was in favor of faking KYC procedures for the Sun-owned Poloniex Exchange. What’s more, a former employee claimed there were plans to pump TRX by using whales.
Sun responded to the claims, calling them “false” and “fabricated storytelling.” He tweeted in defense of Poloniex’s reputation, accused The Verge of defamation, and hinted that he might take legal action.
<p lang=«en» dir=«ltr» xml:lang=«en»>(5/5) As the WTO Amb. of Grenada, I strive to uphold the highest standard over my endeavors in both public and industry domains. We reserve the right to pursue legal remedies against the falsehoods brought on by any entities. We are represented by Harder LLP as our legal counsel.— H.E. Justin Sun
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