TRON and Justin Sun Deny Links to ‘Wave Field’ Ponzi Scheme - BeInCrypto

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Home News Altcoin News
TRON and Justin Sun Deny Links to ‘Wave Field’ Ponzi Scheme
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Rahul N. Rahul N. 1 min ago
TRON and Justin Sun Deny Links to ‘Wave Field’ Ponzi Scheme
Hours after an angry mob reportedly attempted to break into the Beijing office of Raybo Technology, TRON’s partner in mainland China, the TRON Foundation has published a blog post in which it denied allegations of its involvement in a Chinese Ponzi scheme.

The project’s CEO, Justin Sun, has reassured Tron investors that the launch of BitTorrent Speed will go on as planned.

Justin Sun

@justinsuntron
.@Tronfoundation and @BitTorrent is fine. Everything is fine. We are preparing for #BitTorrentSpeed launch today. Stop spreading fake news and pictures.

1,851
6:05 PM - Jul 8, 2019
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The event comes at a bad time for TRON, which just launched the BitTorrent File System testnet on July 1, 2019. TRON’s official token, TRX, has also taken a dip — with its market cap falling by more than $100 million.

Notably, Justin Sun had previously warned his followers to be on the lookout for fraudulent investment opportunities and pyramid schemes.

TRON Foundation to Pursue Legal Action
Denying links to the Chinese Ponzi scheme dubbed ‘Wave-Field Super Community,’ TRON claims that it had warned investors of potential scams several times in the past. After learning about the investment scheme that was posing as an official TRON program, the Foundation said that it warned investors on multiple social media platforms.

TRON also said that it would pursue legal action against the perpetrators of such schemes. Furthermore, TRON’s partner, Raybo Technology, communicated with Wave Field Super Community, “seeking a cease and desist from acting in Tron’s name.” TRON’s Chinese partner is also reported to be working closely with the police to report the offenders.


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