{"id":110453,"date":"2019-07-23T11:03:05","date_gmt":"2019-07-23T18:03:05","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=110453"},"modified":"2020-03-24T07:01:20","modified_gmt":"2020-03-24T07:01:20","slug":"justin-sun-is-allegedly-being-held-by-chinese-authorities","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/justin-sun-is-allegedly-being-held-by-chinese-authorities\/","title":{"rendered":"Justin Sun is allegedly being held by Chinese authorities [UPDATED]"},"content":{"rendered":"<p>According to a <a href=\"http:\/\/finance.caixin.com\/2019-07-23\/101443025.html?cxw=IOS&Sfrom=more\">report<\/a> by Caixin, a Chinese media outlet, the CEO and founder of <a href=\"http:\/\/cryptoslate.com\/coins\/tron\">TRON<\/a> <a href=\"http:\/\/cryptoslate.com\/people\/justin-sun\">Justin Sun<\/a> is under border control for accusations that have yet to be confirmed.<\/p>\n<p><strong>Update @ 11:39 am Pacific time: Justin Sun has confirmed via Twitter he is now in San Francisco.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bay bridge is beautiful. Me and our comms guy AKA bodyguard. <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&ref_src=twsrc%5Etfw\">#TRON<\/a> <a href=\"https:\/\/t.co\/ujj2FEkN3K\">pic.twitter.com\/ujj2FEkN3K<\/a><\/p>\n<p>&mdash; Justin Sun (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1153721234384773120?ref_src=twsrc%5Etfw\">July 23, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The 21st Century Business Herald <a href=\"https:\/\/m.21jingji.com\/article\/20190723\/herald\/3a1b37e3195123741bc895fdd3509b63.html\">published<\/a> an article earlier today claiming that Sun had been accused of alleged pornography-related transactions in his Peiwo account, fundraising, and gambling in mainland China.<\/p>\n<p>Since then, the young entrepreneur <a href=\"https:\/\/weibointl.api.weibo.cn\/share\/82650405.html\">denied<\/a> all the accusations made by the 21st Century Business Herald via his Weibo account.<\/p>\n<blockquote><p>\u201cThe illegal fundraise accusation is wrong. Tron complied with regulators and refunded investors on Sept. 20 in 2017, immediately after the order [of a ban on initial coin offerings] from seven ministries in China,\u201d Sun stated. \u201cThe Tron foundation is based in Singapore in compliance with local regulations and laws and does not involve any flow of capital, or any crypto or fiat currency onramp.\u201d<\/p><\/blockquote>\n<p>Sun also commented that Peiwo collaborates with regulators and implements KYC and AML laws to ensure positive content and that the TRON Foundation opposes the unlawful use of its protocol in regards to the gambling attributions.<\/p>\n<figure id=\"attachment_110399\" aria-describedby=\"caption-attachment-110399\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"https:\/\/cryptoslate.com\/tron-founder-justin-sun-cancels-lunch-warren-buffet-health-complications\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-110399\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/07\/justin-sun-health-social-300x158.jpg\" alt=\"TRON founder Justin Sun cancels lunch with Warren Buffett due to health complications\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/07\/justin-sun-health-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/07\/justin-sun-health-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/07\/justin-sun-health-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/07\/justin-sun-health-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-110399\" class=\"wp-caption-text\">Related: <a title=\"TRON founder Justin Sun cancels lunch with Warren Buffett due to health complications\" href=\"https:\/\/cryptoslate.com\/tron-founder-justin-sun-cancels-lunch-warren-buffet-health-complications\/\">TRON founder Justin Sun cancels lunch with Warren Buffett due to health complications<\/a><\/figcaption><\/figure>\n<p>Despite refusing all the allegations, Sun did not comment on his whereabouts, but mentioned that he is \u201call safe\u201d and that the recent report by Caixin was also \u201ccompletely untrue.\u201d Sun promised to meet the outside world once his health condition recovers.<\/p>\n<p>It is worth noting that over the years, Caixin has been proved to be a very reliable source on reporting crypto-related news in China. It has a strong background and was one of the first sources reporting the previous PBoC exchange crackdowns and ICO ban.<\/p>\n<p>Over the last 24hrs, TRON market valuation plummeted over 20 percent which could be linked to the TRON Foundation announced that the <a href=\"https:\/\/cryptoslate.com\/justin-sun-invites-founders-ethereum-litecoin-binance-lunch-warren-buffett\/\">lunch with Warren Buffett<\/a> will be postponed and the news coming from the different Chinese media outlets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report by Caixin, a Chinese media outlet, the CEO and founder of TRON Justin Sun is under border control for accusations that have yet to be confirmed. Update @ 11:39 am Pacific time: Justin Sun has confirmed via Twitter he is now in San Francisco. Bay bridge is beautiful. Me and our [&hellip;]<\/p>\n","protected":false},"author":148,"featured_media":110454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60209,29,15323],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Justin Sun is allegedly being held by Chinese authorities [UPDATED]<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/justin-sun-is-allegedly-being-held-by-chinese-authorities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Sun is allegedly being held by Chinese authorities [UPDATED]\" \/>\n<meta property=\"og:description\" content=\"According to a report by Caixin, a Chinese media outlet, the CEO and founder of TRON Justin Sun is under border control for accusations that have yet to be confirmed. 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