Sun Yuchen, who played Buffett three times, announced his investment in Jia Yueting

Three plays on Buffett

In 2019, he spent $4.56 million to bid for Buffett's lunch, but was late to the table. Instead, he repeatedly canceled and postponed the meal time on the grounds of kidney stones and other reasons.

The purpose of doing this is to manipulate the price of Tron and profit from it by taking advantage of the sky-high dinner and hot spots such as Buffett.

Buffett was finally furious, and Sun Yuchen quickly announced the dinner in 2020. From beginning to end, he firmly controlled the traffic secrets.

Sued by the United States

On March 22, 2023, the U.S. Securities and Exchange Commission (SEC) formally sued Justin Sun, the founder of the crypto platform Tron, and his three companies, accusing them of illegal sales of securities, fraud and market manipulation, and filed charges against separate violations by their celebrity supporters of crypto assets.

The SEC statement also pointed out that Sun Yuchen allegedly planned a celebrity promotion to induce investors to buy TRX and BTT tokens and concealed the fact that celebrities were paid for tweets. These celebrities include American actress Lindsay Lohan, Michelle Mason and 8 others.

No shortage of money

Recently, Messari, a well-known blockchain and cryptocurrency data analysis agency, released the first quarter report of 2024 for TRON, founded by Sun Yuchen. The report shows that TRON, founded by Sun Yuchen, has made significant progress in the first quarter of this year, with positive growth in many key indicators.

Make demands on Jia Yueting

Sun Yuchen made several demands for Jia Yueting's personal IP commercialization entrepreneurship:

"First, I want to turn this into an entrepreneurial reality show. We will give everyone a public and transparent address. Everyone can see how much money is in the company's account, how much money is earned, and how much money is lost. Because everyone criticized the lack of transparency before, and no one knew where the money went. So if I invest in Lao Jia's personal IP company, I hope to make this thing transparent.