TRON HQ in Beijing was swamped with police and protestors after a rumor regarding Justin Sun and ‘’Wave Field’’ scams emerged.
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In the latest cryptocurrency news today, we find out more of what happened.
The initial rumors suggested that the authorities are raiding the TRON HQ offices in Beijing following the allegations that the founder and CEO Justin Sun alleged culpability in the scam. However, the rumor was quickly dismissed by Sun and another TRON Spokesperson made clear that the police is been called in order to make order after a protest emerged by the alleged victims of the previously mentioned scam. In the meantime, a Whale Alert shows that the $23.5 million worth of TRX was moved to unknown wallets from also unknown wallet addresses and therefore the price of the altcoin dropped by 5%. The video clip that was published of the raid shows that there are at least nine police officers that are surrounding the TRON HQ offices.
However, Context was added moments after the footage emerged which shows an angry confrontation between the public and the authorities. Another clip that emerged later shows a woman crying and screaming in the offices but a Twitter user offered a translation of what the woman was saying:
“I have no way out! No way out! Do you see??! Even if I want to go out, this guy is not letting us go out. They are keeping us imprisoned! I’m not sure if you can see this!”
The reaction of the social media users immediately assumed the worst which was that the authorities found Justin Sun complicit in the recent Wave field scam but Sun quickly replied to these rumors:
“Early on July 8, 2019, Beijing time, a number of people attempted to enter the office of Beijing research and development center of Raybo technology, a partner of TRON in mainland China. Pictures and video circulating on the internet show scenes of the incident and the police response that removed them and secured the office.”
As noted in the coming altcoin news, Sun’s reference to ‘’fake pictures’’ has something to do with the number of memes that were unleashed after the video leaked. As things stand now, it seems like Tron will have to engage in some heavy PR work in order to get rid of the bad picture that is currently in the news.
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