Tron (TRX) had a big dump today and lost around 18% of it’s BTC value just after Tron foundation announced the postponing of the planned lunch which was supposed to take place on July 25th with Warren Buffett.
This followed by some rumors that Chinese authority is placing Tron CEO Justin Sun under investigation for money laundry and he is not allowed to leave China.
Justin Sun live streamed and he appeared to be in San Francisco denying all the rumors about him getting arrested.
Justin on live #TRON #BitTorrent https://t.co/Ul23PjpLF2
— Justin Sun (@justinsuntron) July 23, 2019
The Tron Foundation raised $70 million in late 2017 through an ICO (initial coin offering) just before China outlawed the sale of digital tokens. Last year, Tron foundation acquired BitTorrent the largest P2P platform for $126 million in cash.
