- Justin Sun’s Weibo account got deleted for violating community laws and regulations.
- Co-founder of Binance, Yi He, was also booted from Chinese social media site.
- Sun vows to resolve situation as TRX price suffers flash drop.
Controversial TRON (TRX) founder Justin Sun had his Weibo account deleted on Thursday, along with the co-founder of Binance, Yi He.
The Chinese social media site saw fit to delete both users’ accounts for violating community provisions. The following message now greets users who click on to Justin Sun or Yi He’s accounts:
“…the account has been blocked due to violations of laws and regulations and the relevant provisions of the Weibo Community Convention.”
Justin Sun Vows to ‘Resolve’ Situation
Justin Sun took to Twitter to calm fears that this would affect the health of TRON (TRX). Sun vowed to resolve the issue asap via his direct channels to Weibo.
“TRON is super safu! Just follow me on @justinsuntron. We have a direct channel to Weibo and will get this resolved asap.”
This is the second time Weibo has targeted accounts tied to TRON and Binance. In November, Binance’s channel was blocked, as was that of the TRON Foundation.
The response to Sun’s claim that he would soon resolve the situation was cynical at best. Many derided him for his spectacular past predictions, where he suggested TRX would be in the top-4 cryptocurrencies by the end of the year.
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Even Binance’s CZ had to remind Sun not to flirt so dangerously close to violating investor advertising/promotion laws.
TRON (TRX) – The Long Slide
As we near the turn of the year, TRON finds itself ranked 14th in the market cap rankings. On Thursday, the value of TRX coins sunk to $0.013536 – a 4.3% drop which struck in the space of thirty minutes. The stumble in TRX’s fortunes appeared to coincide with the Weibo news.
The shoe was on the other foot this past week, as Sun booted DigiByte (DGB) from the Poloniex exchange, which Sun recently purchased. DigiByte founder Jared Tate blasted back, calling TRON a “Chinese government scam coin” – the presence of which on Binance’s U.S. platform threatens to undermine American lawmakers.
This article was edited by Sam Bourgi.