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The Paper News  On December 12, the Weibo account of Justin Sun, a big figure in the cryptocurrency industry and founder of TRON, was suspected to have been blocked. Justin Sun’s Weibo account cannot be searched on Weibo. At the same time, he clicked on “@SunYuchen” and the page showed that “this account has been complained of violating laws and regulations and the relevant provisions of the Weibo Community Convention and is now unavailable.” ” Sun Yuchen is famous for "taking advantage of the popularity" on Weibo and almost never misses any opportunity for hype. For example, not long ago, Justin Sun became popular again with his money-spending method of "What is your dream? Please attach your QR code."  The biggest hype this year was Justin Sun’s purchase of Buffett’s lunch at a “sky-high price”. However, this hype ended with Sun Yuchen issuing a "letter of apology". On June 4, Justin Sun announced that he had purchased the 20th Buffett Charity Luncheon at a record-breaking bidding price of US$4,567,888 (approximately RMB 31.53 million). In the early morning of July 23, Sun Yuchen suddenly posted a message on his personal Weibo, saying, "I am in the hospital for treatment due to a sudden kidney stone, and I have canceled my lunch meeting with Mr. Buffett for some reason. ” In the early morning of July 25, Sun Yuchen published a letter of apology on his official Weibo, apologizing to the public, media and regulatory agencies. He said that the Buffett lunch originated from his admiration for Buffett and his love for charity. However, due to his immature words and deeds, youthful energy, and unrestrained words, it gradually evolved into an excessive marketing that was out of control, stalled, and failed. Before Sun issued his letter of apology, domestic media Caixin reported that the Office of the National Internet Financial Risk Rectification Group had recommended that the public security organs open an investigation into Sun’s alleged illegal fund-raising, money laundering, pornography, and gambling. Justin Sun said in his letter of apology that he was sincerely afraid to communicate with Caixin and was willing to communicate with Caixin in a transparent and unreserved manner regarding his business and industry development. Sun Yuchen was born in July 1990. He graduated from the History Department of Peking University with an undergraduate degree and studied at the University of Pennsylvania, a prestigious Ivy League school in the United States. In 2013, Justin Sun, who was still a Bitcoin enthusiast at the time, came into contact with the Ripple Labs project in Silicon Valley and bluntly said that Ripple was more magical than Bitcoin. More than a month later, he returned to China to start a business as the chief representative of Ripple Labs Greater China. After returning to China, Sun Yuchen, who became an entrepreneur in the currency circle, began to focus on building a circle and personality. Since March 2014, Justin Sun has been doing publicity by accepting media interviews and participating in forums. On the other hand, he has established Ruibo Technology and received a multi-million dollar Series A financing led by Xin Zhongli Capital, followed by IDG Capital, Zhongke Capital, Qingkong Technology and other venture capital investors. In 2015, Justin Sun was selected as one of China’s Forbes 30 Entrepreneurs Under 30 and selected into Hupan University. Since then, "Jack Ma's disciple" has become Sun's favorite title. Like other "coin circle big guys", there are endless doubts surrounding Sun Yuchen about "cutting leeks", "plagiarism" and "air coins", and he has even been dubbed a "coin circle micro-business". Sun Yuchen is also often considered to be good at hype and marketing because of his high-profile actions, including the photo of Buffett's lunch, which is also considered to be just a hype and marketing. Editor of this issue Zhou Yuhua Recommended reading     |
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