First of all, let’s take a look at who is Justin Sun, the “cryptocurrency celebrity”? He was born in Xining, Qinghai Province, and became famous in 2019. He spent 31 million yuan to bid for a lunch with Buffett. This incident became a hot topic and became his best publicity.
He is the founder of Tron and Peiwo APP. Tron sells the virtual currency TRX; Peiwo APP is a phone app for strangers to talk to each other.
On March 22, the U.S. Securities and Exchange Commission (SEC) officially sued Justin Sun, the founder of the crypto platform Tron, and his three companies, accusing them of suspected market manipulation and defrauding investors.
First, market manipulation. It is reported that from April 2018 to February 2019, Sun Yuchen asked his employees to operate two accounts to conduct left-hand to right-hand transactions, totaling more than 600,000 times, earning $31 million.
Second, he defrauded investors. In order to induce investors to buy virtual currencies (TRX and BTT), he paid 8 celebrity influencers to promote the products, misleading consumers into thinking that the celebrities also bought the virtual currencies (TRX and BTT).
If the charges are proven, Justin Sun will inevitably go to jail.
But at present, the United States can't catch him at all! Because he frequently changes his nationality to help him "escape", let's take a look at his escape route:
In 2017, the day before token financing was halted, Sun Yuchen completed the sale of TRX, and then fled to the United States from Incheon International Airport in South Korea. Since then, he has been "cutting leeks" in the United States and applying for various "identities". We know that he has identities in at least three countries:
① Maltese identity. In 2018, he secretly invested $1 million and obtained Maltese citizenship.
② St. Kitts identity. This is the identity that Zhang Lan of South Beauty obtained in order to go public indirectly.
③ Grenadian identity. In 2022, he appeared at the 12th WTO Ministerial Conference as the Ambassador Extraordinary and Plenipotentiary of Grenada. The WTO ambassador may be something he paid for, or it may help him gain diplomatic immunity.
However, these three countries have extradition agreements with the United States, and it is not ruled out that he may have more identities. In any case, the current situation is that no one knows where Justin Sun is.
Many people immigrate without causing fundamental harm to society, but people like Justin Sun, who first cut the leeks of the Chinese and then the Americans and then ran away, are another matter.
