From the day he announced the cancellation of his lunch meeting with Buffett on July 23 to now, Justin Sun has become a daily "hot spot". Just when the public was wondering whether he had been subject to border control, at 2:46 a.m. on July 25, Sun Yuchen posted a letter of apology on his official Weibo.
Screenshot of Justin Sun’s Weibo.
[Nandu N Video] Reporter: Wang Kaigongna Editor: Liu Jialin
The full text of Justin Sun’s apology letter:
Dear friends:
In the past period, this was the darkest moment when I was ill and sick. I experienced unprecedented turmoil, doubts and pain in my life. I stayed up all night. I deeply reflected on my past words and deeds. I feel deeply guilty for my excessive marketing and hyping behavior. I would like to express my most sincere apology to the public, the media, the leaders and regulatory agencies who care about me!
The Buffett lunch originated from my admiration for Mr. Balao and my love for charity. The original intention was good and simple, and it also had some selfishness to promote the blockchain industry and myself, and wanted to better fulfill project responsibilities. However, due to my immaturity in words and deeds, youthful energy, and unrestrained words, it gradually evolved into an out-of-control, stalled, and failed over-marketing. There were a large number of consequences that were completely unexpected by me, and I ignored my social and public responsibilities, which were far from my original intention. During the whole process, I went from excitement, to anxiety, to fear, regret, and painful lessons. All of this had a bad impact on the public, and also caused concern for the regulatory agencies that care about me and love me. To this, I say again: I'm sorry!
Caixin is a prestigious journal that I have subscribed to and studied repeatedly since I was in college. It has made an extremely significant contribution to the overall reform, opening up and economic development. Ms. Hu Shuli is also a senior teacher that I respect and admire very much. Caixin has always adhered to social responsibility and public welfare. Prioritizing interests has made me see my limitations and insignificance clearly. I feel sincere and frightened to communicate with Caixin. I am willing to communicate with Caixin transparently and without reservation about our business and industry development, in order to receive the most authentic and fair guidance from the best media teachers.
Mr. Wang Xiaochuan is also my senior in the field of Internet entrepreneurship. I personally admire and respect his achievements and respect his views. Originally, I wanted to create some hype and marketing gimmicks because of my love of joking and my youthful and energetic personality. In fact, afterwards, I deeply regretted these vulgar hype and marketing behaviors. I once again expressed my most sincere apology to Mr. Wang Xiaochuan and hoped to gain his understanding.
To the elders, leaders and regulatory agencies who care about me and love me, I would like to express my most sincere apology for my previous immature marketing and words and deeds! I am deeply concerned about the adverse effects caused! I am young and not deeply involved in the world, and blockchain is an emerging industry and immature. It was the big picture and great vigilance of the elders of the regulatory agencies that made me understand the importance of social responsibility and social impact! The healthy development of the industry is inseparable from the care, guidance and supervision of the regulators. I will also open my heart and actively introduce our business structure and industry development to the regulators, actively cooperate with the regulators’ research and guidance on us, do our best to meet the regulators’ requirements for us, maintain timely response and long-term communication, and always adhere to the overall situation of financial stability and financial security, resolve financial risks, clear up the source, and return to blockchain technology research and development.
I loved business when I was a teenager and started my own business very early. I was very lucky to catch up with the rapid development of socialism with Chinese characteristics in our country in the new era and the development dividends of the global blockchain industry. In addition, with the support, love and help of many seniors in the industry, I was very lucky to achieve some achievements in the development of the world's blockchain industry. As an active front-line practitioner in the blockchain industry, I am deeply proud to be able to deliver China’s blockchain value around the world! It can be said that without the care, love and guidance of regulatory agencies, there would be no healthy development of the blockchain industry today.
In the future, I will take some time off due to illness, reduce my posts on Weibo, thank guests behind closed doors, reduce interviews with the media, and return to the deep cultivation and research and development of blockchain technology from marketing hype. Everything should focus on national interests, industry interests, and public interests, abandon personal selfishness, actively rectify, operate in compliance with the law, output more positive energy for the development of the blockchain industry, do more in-depth thinking, and set a better social example for contemporary youth!
Finally, I sincerely say again to the media, elders, leaders, regulatory agencies, and the public who care about me and love me: I'm sorry!
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.
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, Justin Sun, the founder of TRON and Peiwo App, 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.
Review of related reports↓↓
Justin Sun denies illegal fund-raising, money laundering, pornography, etc.
Justin Sun responds to rumors of being "under border control"
Compared with whether he can have a high-quality lunch with Buffett, the public is currently more curious about whether he is subject to border control.
Recently, some media reported that because Sun Yuchen was involved in illegal fund-raising, money laundering, pornography, drugs and other issues, the Mutual Finance Rectification Office recommended that the public security organs file a case against him. In response to this, in the early morning of July 24, Sun Yuchen responded via Weibo that the media reports were completely untrue, and stated on Weibo that he would meet with the outside world after his condition recovers and improves.
According to foreign media reports, Buffett has agreed to postpone his dinner meeting with Sun Yuchen.
Reported by Southern Metropolis Daily (nddaily)
Produced by: Nandu Science and Technology Studio
Interview and writing: Nandu reporter Ren Xianbo and intern reporter Chen Qiuxuan
* Original content from Southern Metropolis Daily (nddaily) may not be reproduced without authorization.
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