After Justin Sun, the current CEO and founder of Tron, infamously canceled his lunch with Warren Buffett, a chain of reactions was set in place. A day before, the young entrepreneur tweeted an apology for drawing too much attention to the lunch and deleted the tweet soon after.
On the other hand, even though the Sun stated that he was in a hospital recovering after a kidney stone attack, there were speculations that he had certain issues with the Chinese authorities.
The native crypto token of the TRON platform, Tronix (TRX), is having a rough time too. The price of the coin has been decreasing recently currently sitting at USD 0.0225 with almost a 5 percent loss in the last 24 hours.
At the same time, the founder of BitTorrent, Bram Cohen, claimed that Sun did not hold his end of the deal. BitTorrent was purchased for USD 140 million by Justin Sun in 2018.
A member of the TRON Foundation, Roy Liu, came forward saying that the money that Cohen mentioned wasn’t actually Sun’s. In addition, he said that the release of the payment was signed.
Neither the TRON Foundation nor Justin Sun have addressed the accusations.
As a result of these allegations, the value of TRX is dropping and it is currently among the top losers among the biggest crypto coins.