Tron (TRX) founder Justin Sun is allegedly arrested in Hong Kong, where he went today.
When Justin Sun’s Twitter account is examined, it is seen that he arrived in Hong Kong about 4 hours ago. After his first post, Sun shared from various parts of Hong Kong.
Let us remind you that the claim has not been confirmed yet.
The owner of the resource, FXHedge, is a Twitter account that shares news and opinions on financial markets, especially foreign exchange and commodities. The account has more than 393,000 followers and is known for its sensational and sometimes false tweets.
Around the time Justin Sun launched the Tron (TRX) token in 2017, there was a huge initial coin offering (ICO) controversy in China.
Sun had raised $70 million in investments in the country the day before China banned ICOs.
After the spread of the claim, the TRX price reacted negatively, but recovered from the bottom at the time of this writing.
Update (17.35)
However, as a new development, Justin Sun responded to the allegations with “4” in his statement on Twitter. The term “4”, which Binance CEO frequently uses, is used to mean “ignore FUD”.
4
— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 11, 2023
In addition, a Huobi employee stated on Twitter that Justin Sun was not arrested.
After Sun rejected the allegations, TRX price returned to its pre-event level.
A tweet about the incident also came from Binance CEO CZ. CZ also used the phrase “4” like Justin Sun and said that the event was a kind of FUD.
4
Not for myself. Just really sad to see people spreading FUD in the industry. I unfollow / block them.
— CZ 🔶 Binance (@cz_binance) April 11, 2023
*Not investment advice.
