There was a stir in the market when news of TRON founder Justin Sun’s arrest began to trend. The TRON founder was reportedly rumored to have been arrested. Meanwhile, Tron’s trading price dropped 6% amid the news of Justin Sun’s arrest. According to sources, people were stumped as to whether Justin Sun’s arrest news is legit or fake as there was no valuable source claiming the same. If you too are stumped regarding Justin Sun’s arrest, this article will help you understand what really happened. Furthermore, TRON’s Justin Sun also responded to the news of his arrest. You should read what he said. So stay true to 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 US arm of the largest cryptocurrency exchange Binance.US announced that it will delist TRX. This news came amid rumors of Justin Sun’s arrest. As a result, Tron’s trading price of $0.0641 was down 6%. Speaking of the rumors, it was claimed that Justin Sun was arrested in Hong King and held at a police station in the city. Scroll down the page and read more details.
News of Justin Sun’s arrest began to trend after FXhedgers posted a tweet that has now been deleted. People easily believed this news because Justin Sun had previously posted that he arrived in Hong Kong, which added credibility to the rumor. But TRON founder Justin Sun responded to the news of his arrest with a number. He published “4”, which he uses whenever he wants to characterize something as FUD. Despite pointing out that the news of his arrest is false and not legitimate, the trading price of TRON dropped by 6%. Scroll down the page and read more details.
Later that day, Binance.US announced that it will delist TRX citing a variety of aspects including declining trading volume, crackdown in the US, a change in the asset’s risk profile, liquidity and more. Additionally, America’s largest cryptocurrency exchange noted that Tron’s staking service will be disabled on Thursday, resulting in the altcoin’s complete delisting. Meanwhile, this news stirred up traders and resulted in a price drop of up to 7% within an hour. Stay tuned to this website for more details and updates.