Caixin Confirms That Tron CEO Justin Sun Is Banned from Leaving China

Tron wasn’t under the radar of the Chinese authorities until Sun’s much-anticipated lunch with billionaire Warren Buffett

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According to Caixin, a reputable Chinese business outlet, Tron founder Justin Sun has been prohibited to leave China since he’s currently involved in an ongoing investigation by the local authorities.

Hence, it appears that he lied to TRX investors about experiencing an unfortunate health condition (or it was just a cover-up for a much bigger black swan event).

👉 MUST READ TRX Price Tanks as Tron CEO Justin Sun Postpones His Lunch with Warren Buffett Due to Health Problemsrelated article image

Corroborating reports

The controversial CEO has been reportedly charged with money laundering and spreading illegal pornography by a local committee on internet safety. 

Notably, there was no impetus to investigate Sun prior to his lunch with Warren Buffett.  

As reported earlier by CryptoComes, Sun denied the allegations that were published in the outlet that broke the news earlier today, but Caixin and multiple other local media outlets corroborated that report.

Sun remains defiant

Sun has recently doubled-down on his claims that the above-mentioned accusations are false in a new Weibo post without mentioning the exit ban. 

Although, Caixin and other sources claim that Sun is currently under border control, there is still no information about his current location.

It is possible that the Tron CEO is still in the US, but he came up with the kidney stones excuse to stay in hiding. 

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Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.