Bitcoin
$ 29,289.00 3.29%
Ethereum
$ 1,965.52 3.16%
Solana
$ 49.63 5.28%
Dogecoin
$ 0.084129 3.08%
ApeCoin
$ 7.77 2.63%
STEPN
$ 1.34 5.46%
Terra
$ 0.000114 18.35%

TRON Beijing office stormed by angry Ponzi scheme victims

justin sun on tron updates in july

Reports have come in that TRON’s Beijing office has been stormed by several dozen angry Ponzi scheme victims today and the staff that was on duty had to deal with the stress. Reports were shown where the Chinese police were forced to hold off the mob in order to maintain peace.

As already reported by Cryptopolitan, TRON was associated with quite a large Ponzi scheme where investors lost as much as $30 million. This all started in Russia where a company assumed TRON’s name and was even mentioning their affiliation with the foundation.

The angst was caused by Justin Sun’s inactivity about the issue as he didn’t say anything about the scammers.

However, some TRON supporters have come out with quotes from Sun saying how the market is full of Ponzi schemes and how he is warning the community to be careful.

However, it seems to have gone over the heads of these victims as they’re still next to the office demanding justice.

At this point, there is very little that TRON could do as there is no direct responsibility from their sides. Many TRON supporters are saying that it is up to the investors’ due diligence to see such blatant scams and not fall for them.

Furthermore, whenever TRON opens a new subsidiary or any company for that matter, Justin Sun is the first to announce it. Having him be so silent should have been a definite red flag.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

Related News

Hot Stories

Dogecoin price analysis: DOGE illustrates stable dynamics at $0.0869
Verasity Price Prediction 2022-2031: Soon to hit $0.50 after Crypto.Com listing?
Polkadot price analysis: DOT/USD gains a massive value at $10.08
Vitalik Buterin reveals when Ethereum merge could happen
Seth Green loses his 4 NFTs in a Phishing scam; begs not to buy them.

Follow Us

Industry News

President of Panama Refuses to Sign the Cryptocurrency Bill
Gabe Plotkin's hedge fund Melvin Capital shut its doors this week
CFTC indicts 2 men for running a $44M crypto Ponzi scheme
Goldman Sachs: crypto crash has little effect on the US economy
Commonwealth bank halts crypto pilot program