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![]() At about 0:30 today (24th), Sun Yuchen’s personal real-name authentication Weibo posted a message in response to the rumored report of “being subject to border control”, saying, “The report is completely untrue. I am fine. ” ![]() On the evening of July 23, Caixin reported that Justin Sun, founder of the TRON Foundation, had been restricted from leaving the country. It also said, “The Office of the National Internet Financial Risk Special Rectification Group has recommended that the public security organs open a case to investigate Sun Yuchen’s suspected illegal fund-raising, money laundering, involvement in pornography, gambling and other issues. ” At about 0:30 on July 24, Sun Yuchen’s personal real-name authentication Weibo posted a response to the above report, saying, “It is completely untrue. I am fine and will meet the outside world after my condition recovers and improves. This has made everyone worried. ” At 5:49 on July 23, Sun Yuchen's personal Weibo announced that he was canceling his lunch with Buffett due to "sudden kidney stones and being treated in the hospital." Subsequently, the bidder for the "Buffett Lunch", which set the highest price in history, continued to cause controversy. At 12:23 on July 23, Sun Yuchen once again spoke out on his personal Weibo and denied rumors that his institutions or products were involved in illegal fund-raising, money laundering, and pornography. ![]() According to public information, Sun Yuchen was born in Xining, Qinghai in July 1990, grew up in Huizhou, Guangdong, and studied at Peking University and the University of Pennsylvania, an Ivy League school in the United States. In 2014, Justin Sun returned to China and founded Ruibo (Beijing) Technology Co., Ltd., which was engaged in the development of decentralized clearing system products. Later, he pioneered the concept of "sound value social" and launched the mobile social app "accompany me". In July 2017, he created the blockchain project "TRON". On July 24, 2018, Justin Sun announced that TRON had successfully completed the acquisition of BitTorrent and all its products. However, his company's "Peiwo App" was exposed as having vulgar and pornographic content. At present, Nandu reporters found that the App has been removed from multiple platforms. It is worth noting that in February 2015, Justin Sun made a high-profile announcement that he had received an admission notice from Hupan University, a "non-academic entity university" founded by Jack Ma, and became the first batch of students at the school. Since then, he often calls himself the youngest "Jack Ma disciple". On July 23, less than two days before the sky-high price lunch, Justin Sun canceled lunch with Buffett due to physical discomfort. Sun became the first person to cancel lunch with Buffett in 20 years. Currently, there are media reports that Buffett has agreed to change the time of his meeting with Sun Yuchen. A month ago, Justin Sun successfully bought Warren Buffett's 20th anniversary charity luncheon for a record-breaking $4,567,888, which was originally scheduled to be held in San Francisco, USA on July 25. He posted 18 posts on Weibo surrounding the lunch, and eagerly posted a photo of himself and Buffett. In just one month, a little-known newcomer in the currency circle quickly made his name remembered by the industry. However, some people believe that compared with personal IP, Sun Yuchen did not launch good products, and was even suspected of pornographic content. He is more like a marketing veteran in the currency circle. ![]() Not afraid of negative information Bachelor's degree from Peking University, master's degree from Ivy League... A tweet "Sun Yuchen on the Hot Top" portrayed him as a passionate counterattack boy: "A big turnaround in the third year of high school, from three books to Peking University”; When Weibo was just emerging in 2010, being a “Weibo Big V” could spread his voice further. ; Frequent contacts with the media for exclusive interviews, stamping the seal of approval by traditional media. ![]() Sun Yuchen Weibo screenshot After completing the initial accumulation of fame, Sun Yuchen devoted himself to the blockchain industry. In February 2015, Justin Sun made a high-profile announcement that he had received an admission notice from Lakeside University founded by Jack Ma and became the first batch of students at the school. Since then, he has often called himself the youngest "Jack Ma Yun disciple". Although Alibaba warned him, "Jack Ma's disciple" has become an important label for this post-90s entrepreneur. Judging from public information, Sun Yuchen can use negative news to build momentum for himself. In March 2018, the TRON testnet was launched, and he used the method of stepping on one and holding one to build momentum for TRON. On Twitter, Justin Sun listed 7 reasons why Tron is superior to the big brother of the blockchain, Ethereum, including TPS, handling fees, underlying language, etc. Vitalik, the founder of Ethereum, immediately responded, saying that on top of these 7 items, an 8th item should be added: "Stronger white paper writing skills (Ctrl+C and Ctrl+V are more efficient than typing new content on the keyboard)", satirizing the Tron white paper for plagiarism. Justin Sun responded on Weibo: Thanks to Vitalik for his comments on Tron. Tron has benefited a lot from Ethereum, and Ethereum has also inspired us to develop a better platform. On the other hand, he cleverly threw out the time when TRON went online. He wrote on Weibo: If Vitalik knew Tron better, he would find that we are not just in the white paper stage. We have already launched the test network on March 31 (main network on May 31), and have made substantial improvements in the shortcomings of Ethereum! On June 22, 2018, researchers from Digital Asset Research (DAR) discovered multiple instances of code copied from other projects in the Tron codebase, and stated that it seemed that Tron developers had plagiarized Ethereum code in other projects and modified the file names, making the source of the code difficult to identify. Even with solid evidence, Justin Sun still denied it, and all of this brought high exposure to Tron and Justin Sun. “Cross-border hot spots Statistics on Justin Sun’s hot events reveal that there are many that have nothing to do with his industry. In 2018, when the little yellow car was in a crisis over deposit refunds, Sun Yuchen, who is also an alumnus of Peking University with Dai Wei, stepped forward and said that he could first help 10,000 ofo users refund their deposits. The market value of Tron rose by 10% that day. In February this year, after he bravely helped Zhao Yu rescue a girl from a criminal suspect and was detained for 14 days, he explained his experience on Weibo. The next day, Sun Yuchen announced on Weibo that he would provide a 10 million donation to Zhao Yu. This Weibo has received 60,000+ retweets, 6,000+ comments, and 200,000+ likes. Justin Sun’s popularity is the highest among KOLs in the entire currency circle, comparable to that of a small traffic star. In the past ten days, Sun Yuchen posted seven Weibo posts solemnly mentioning that he would donate 10 million yuan to Zhao Yu. ![]() Sun Yuchen Weibo screenshot The dispute ended with Zhao Yu being exempted from prosecution and Justin Sun donating 100,000 yuan to him. Sun Yuchen also posted the transfer records on Weibo and added the topic #Entrepreneur donated 100,000 to Zhao Yu#. However, in the 10 million yuan subsidy plan he gave, he wrote in the last line, "We have the final right to interpret the above subsidy plan and reserve the right to modify relevant regulations based on the facts." Recently, he can also be seen in the "rights protection incident" of Xpeng Motors. During the dispute, Sun Yuchen posted on Weibo to announce his personal support for consumers’ rights protection against Xpeng Motors and to subsidize 80% of legal fees. But what is more embarrassing is that under this Weibo post he posted, a netizen commented: "Mr. Sun, can Tron users who have lost money please pay compensation?" Character collapse? Caught in product controversy Justin Sun, who pretends to be a moralist, has been called a "liar" by people in the industry. Sogou CEO Wang Xiaochuan once called Sun Yuchen of Digital Project a liar in a dialogue held by Chinese entrepreneurs in 2014. ; Li Xiaolai, the richest man in the currency circle, also commented that Sun Yuchen "must be a liar." According to IT Orange verification, Sun Yuchen is currently the CEO of two companies, among which TRON is a blockchain company.; “Accompany Me” APP is a social application that focuses on making friends with strangers. On July 1, the "Tron Super Community" was caught in a storm such as project shutdown, inability to withdraw coins, and missing customer service. But Sun Yuchen once thought that his project was shot while lying on the ground. He once replied that it was a word game played by a liar. But this explanation was not accepted by the victims. On July 3, victims from all over the country formed a rights protection team and went to Beijing to defend their rights at TRON. They hope that Tron will cooperate in freezing the TRX assets of the project side and cooperate with the victims in safeguarding their rights. ; Tron and compensate the victims for certain losses. “"Stay with me" APP is a product purchased by Sun Yuchen from "Uncle Tongdao", a popular blogger on Weibo. In the early days of the "Uncle Tongdao" era, users of the "Peiwo" APP said it was just for chatting, but some media once believed that the app was involved in pornography. Nandu reporters found that the "Accompany Me" APP in the app store is no longer available for download. To this end, Sun Yuchen posted on Weibo on July 23, stating that as a platform, we are firmly opposed to some negative energy content generated by users within the platform, and will immediately cooperate with regulatory agencies 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. Currently, there are media reports that Buffett has agreed to change the time of his meeting with Sun Yuchen. But will this meeting be a high-quality industry exchange, or just Justin Sun's marketing method? Will there be another turmoil before the meeting? Only Justin Sun himself knows better. Original report by Southern Metropolis Daily (nddaily) Nandu reporter Ren Xianbo, Mao Shujie, Yu Yijing, intern reporter Chen Qiuxuan * Original content from Southern Metropolis Daily (nddaily) may not be reproduced without authorization. ![]() ▊ Nandu Good Things Museum One is an interesting English book that cultivates children's English from novels, and another is a magnificent natural encyclopedia of the universe created jointly by NASA and National Geographic. Useful and interesting, click on the cover image to learn more. ![]() Click on the picture above to purchase at a 32% discount ![]() Click on the picture above to purchase at a 31% discount Star Southern Metropolis Daily Find Nandujun in one second ▼ ![]() ▊ Nandujun Special Selection (click the title below) Annual salary is 890,000-2.01 million! Huawei internal documents exposed! Hao recruits 8 "genius young people"” Chinese bidders’ lunch with Buffett canceled? 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