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Rational·Constructive  “None of the information posted online is true, and all information is based on this Weibo. ”At noon on July 23, Sun Yuchen responded via his Weibo and attached a 6-point explanation of the controversy and doubts. However, after this response was issued, reporters from the Economic Observer Network launched an investigation and found that the facts were completely different from what they said.    “Justin Sun, founder of the TRON Foundation and an upstart born in the 1990s, spent nearly $4.57 million to win a lunch with the stock god Warren Buffett. However, the meeting was about to take place. On July 23, he suddenly announced that he had canceled the lunch meeting due to illness and treatment. This triggered speculation about the reason behind this incident. It may not be a simple "physical illness." Immediately, some negative information spread on the Internet about the "Peiwo" APP founded by Justin Sun and the TRON Foundation, such as "Peiwo" was involved in pornography, and the TRON Foundation was also suspected of money laundering. “None of the information posted online is true, and all information is based on this Weibo. ”At noon on July 23, Sun Yuchen responded via his Weibo and attached a 6-point explanation of the controversy and doubts. However, after this response was issued, reporters from the Economic Observer Network launched an investigation and found that the facts were completely different from what they said. “"Stay with me" is gone  It is learned from public information that Sun Yuchen created Paiwo APP, a voice social software for the post-90s/post-95s generation. This APP received multi-million yuan angel round financing from Guangxin Capital in October 2014 and June 2016, as well as 60 million yuan in Series A financing from IDG, Fashion Capital, Xinzhongli Capital, and Qingkong Science and Technology Capital. However, as a social app, "Paiwo" was directly named by Xinhua News Agency in June 2018 for providing pornographic audio and video services. It was shown that the anchor on the "Paiwo" APP encouraged listeners to pay for gifts in order to listen to provocative content. In addition, a reporter from the Economic Observer Network found from the National Enterprise Credit Information Publicity System that on June 27, shortly after Sun Yuchen announced on Weibo that he had won a lunch with Buffett at a record price, Guangzhou Peiwo Information Technology Co., Ltd., which is wholly owned by Sun Yuchen, was listed on the Panyu Branch of the Guangzhou Administration for Industry and Commerce on the list of abnormal operations because the registered residence or business place could not be contacted. “The "bad news" of "Peiwo" goes far beyond that. The above-mentioned public notice system also shows that on July 18, Guangzhou Peiwo Information Technology Co., Ltd. decided to dissolve due to a resolution and plans to apply to the company/farmer professional cooperative registration authority for deregistration. Creditors' announcement is being made and creditors are required to declare their claims to the liquidation team within 45 days from the date of announcement. A reporter from Economic Observer tried to search for Peiwo APP from the mobile app store and found that it has been removed from the shelves. When the reporter logged into the official website of Peiwo Technology Company and scanned and downloaded the QR code, he also received a reminder that "the web page contains false red envelopes and has been complained by many people, so access has been stopped." “"Tron" turmoil When talking about bidding for such an expensive lunch with the "stock god", Sun Yuchen once said bluntly that he hoped that through this lunch meeting, Buffett, who is not optimistic about the currency circle, can have a deeper understanding of the cryptocurrency community and the blockchain industry. However, the TRON Foundation founded by this "cryptocurrency boss" with a splendid academic background and many auras such as "post-90s entrepreneurial leader" and "Jack Ma's disciple" has fallen into doubts about "illegal fund-raising", "cash-out", and "selling short coins to make money". A reporter from the Economic Observer Network learned that Sun Yuchen created the blockchain project "TRON" in July 2017, and attracted the support of angel investors Xue Manzi and Li Feng. However, regarding the white paper subsequently released by TRON, Juan Benet, the founder of the IPFS project and Protocol Lab, directly accused it of plagiarism on Twitter. Juan Benet said that at least 9 pages of English content in the white paper were copied from IPFS or Filecoin documents. In addition, TRON’s professionalism has also been questioned. In June 2018, researchers from Digital Asset Research (DAR) stated that multiple instances of Tron’s code were found to be copied from other projects. What is even more concerning is that in January 2019, the Tron Foundation issued a statement claiming that an organization called the "Tron Super Community" was using the official names of TRON, BitTorrent and uTorrent to commit fund fraud. At that time, Tron officials refuted the rumors through WeChat, Weibo, Douyin and other channels. But on July 8 this year, TRON’s partner in mainland China, Ruibo Technology’s Beijing R&D Center, was attacked by many people and extremists. It is reported that the people involved were all victims of the "Tron Super Community" fund disk. Although Sun Yuchen said in his response that TRON withdrew its currency after the central bank and seven other ministries and commissions issued the "Announcement on Preventing Financing Risks of Token Issuance", he himself was accused of cashing out and running away after receiving a huge amount of money from coin flipping. Judging from the above announcement, token issuance in my country involves criminal risks such as illegal fund-raising and financial fraud. This also brings into question the source of the money for the lunch auction. A reporter from the Economic Observer Network logged into Huobi Pro and saw that due to a series of news, the price of TRON dropped sharply, plummeting 19.25% in one day on July 23 alone. Accused of being under border control Just around 23:00 yesterday evening, Caixin issued a message stating that Justin Sun had been placed under border control and that the Office of the National Internet Financial Risks Special Rectification Group had recommended that the public security organs open an investigation into Sun’s suspected illegal fund-raising, money laundering, involvement in pornography, and drug-related issues. More than an hour after the above news was sent, at 12:30 a.m. on July 24, Sun Yuchen responded again through his Weibo, saying that the report was completely untrue, "Everything is safe, and he will meet the outside world after his condition recovers and improves." ” Even the Tron Foundation founded by Justin Sun has announced that it has informed Buffett and Karen Hanrahan, president and CEO of the Glide Foundation, about the condition of its founder Justin Sun, and all parties have agreed to reschedule (lunch) time as their respective schedules permit. Guests invited by Justin Sun will also attend at the rescheduled time. Li Lin, the founder of Huobi, was one of the guests invited by Sun Yuchen. After the "cancellation" news was issued yesterday, reporters from the Economic Observer Network interviewed and communicated with him about the doubts about Tron Coin. As of the time of publication, no relevant response was obtained. A person in the currency circle who is close to Sun Yuchen also accepted an interview with reporters yesterday afternoon. He talked about Sun Yuchen’s high-priced lunch and then cancellation. He said that he had also paid attention to the media’s follow-up reports, but he refused to comment on it. “This matter is too sensitive, and the people affected are very critical. Once the comments are biased, it is easy to harm a person. ”He confessed. The above-mentioned people also know that after Sun Yuchen won the lunch with the stock gods, he actually put the cryptocurrency and blockchain circles behind him "in the open". "Because the technology is too advanced and poses a challenge to the world's financial supervision itself, it itself is in a gray area. ”In his view, the financial innovations being done by the chain and currency circles are innovating on a very fuzzy edge. “The price paid behind this is quite high. If you succeed, you will be very powerful, but if you lose, you may even lose your head.”……” Although the above-mentioned person is very familiar with Justin Sun and TRON, the company he founded, when the reporter continued to ask him about his opinion on whether TRON currency violated the regulations, he quickly ended the conversation, "It's too sensitive to comment. You can ask others. ” Attached are Sun’s 6 points in response to controversy and doubts: 1. The pictures of the conversation posted online are not authentic and are all photoshopped. All information shall be subject to this Weibo. 2. The illegal fund-raising reported online is untrue. After seven ministries and commissions issued regulatory requirements on September 4, 2017, TRON actively cooperated with the regulatory agencies to complete the liquidation work as soon as possible on September 20, and was highly recognized by the regulatory authorities. 3. The money laundering rumored online is untrue. The TRON Foundation is located in Singapore and complies with local laws and regulations in Singapore. The TRON protocol is a set of decentralized blockchain protocols. It engages in the technical research and development of blockchain protocols and does not involve any capital flow. There is no withdrawal or deposit channel for legal currency or cryptocurrency. The nature of the business determines that it is only related to technology development. 4. Peiwo APP is a voice social product used by young people. As a platform, we are firmly opposed to the negative energy content generated by some users on the platform. We will cooperate with the regulatory agencies immediately to carry out network clean-up operations, improve the quality of supervision, and support and encourage online audio content with high themes and positive energy. 5. The TRON protocol is a decentralized Internet protocol. Anyone can participate in protocol research and development or develop applications on the protocol in any country or region. As the initiator of the protocol, the TRON Foundation firmly opposes the use of Internet open source protocols to engage in illegal activities. At the same time, it also calls on application developers to comply with the laws and regulations of various countries. 6. We understand the concern of all sectors of society for the development of blockchain technology, and are willing to communicate with all sectors of society with an open mind to jointly promote the development of blockchain technology in China. (Economic Observer Network reporter Qian Yujuan, intern reporter Wang Fangyuan and Ding Zhitao)   Recommended reading Insight into the changing business world  Real estate trust stalls, real estate companies are coming to "hard times"  The crazy "donkey" can't run anymore? Dong'e donkey-hide gelatin makes a mistake in betting on consumer affordability”  [20,000 words to understand China’s capital market] If you believe it, you will lose! Listed company capital's dream of destruction Economic Observer | Rational and constructive   Long press to identify the QR code and add follow  |
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