A stir occurred in the market when the news of TRON’s founder Justin Sun’s arrest started trending. According to the reports, it was rumored that the founder of TRON had been arrested. Meanwhile, the trading price of Tron went down by 6% amid the arrest news of Justin Sun. According to the sources, people were left perplexed whether the news of Justin Sun’s arrest is legit or fake as there was no valuable source that claimed that same. If you are also perplexed regarding Justin Sun’s arrest, this article will help you to understand what actually happened. In addition, TRON’s found Justin Sun also has responded to his arrest news. You should read what did he say. So be sticky with this page and keep reading this article. Drag down the page and take a look below.
Is Justin Sun Arrested In Hong Kong?
On Wednesday, April 12, 2023, the largest cryptocurrency exchange’s American arm, Binance.US announced that it will delist TRX. This news came amid the arrest rumors of Justin Sun. As a result of it, Tron’s trading price of $0.0641 was down by 6%. Talking about the rumors, it was claimed that Justin Sun was arrested in Hong King and has been held at a police station in the city. Scroll down the page and read more details.
The news of Justin Sun’s arrest started trending after FXhedgers posted a tweet that has now been deleted. People easily believed this news because Justin Sun had earlier posted that he arrived in Hong Kong which added credence to the rumor. But TRON founder Justin Sun responded to his arrest news with a number. He posted “4” which he uses whenever he wants to characterize something as FUD. Despite addressing that his arrest news is fake and not legit, the trading price of TRON went down by 6%. Scroll down the page and read more details.
Later the same day, Binance.US announced it will delist TRX citing a variety of aspects including decreasing trading volume, regulatory crackdowns in the US, a change in the asset’s risk profile, liquidity, and more. Further, America’s largest cryptocurrency exchange noted that the Tron staking service will be disabled on Thursday, resulting in the complete delisting of the altcoin. Meanwhile, this news stirred up the traders and resulted in a price drop of as much as 7% within an hour. Stay tuned to this website for more details and updates.