Friday, May 9, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Another Big Blow To Tron (TRX)? Bram Cohen, BitTorrent Creator Brings Forth New Allegation Against Justin Sun

by firstcryptonews
July 26, 2019
in Industry
Another Big Blow To Tron (TRX)? Bram Cohen, BitTorrent Creator Brings Forth New Allegation Against Justin Sun

Since Justin Sun, Tron founder, postponed the million-dollar lunch with Warren Buffet, he seems to be jumping out of the frying pan into the fire with each turn. Yesterday, as we reported, Justin made a suspicious apology for over-hyping the lunch with Warren and then later deleted it.

Additionally, the events surrounding his whereabouts and standing with the Chinese government authorities remain a mystery after purported kidney stones detention. On the heels of this fiasco, the TRON community has been caught up in a selling frenzy as TRON (TRX) suffers a massive loss in value.

The recent accusation against Justin comes in the wake of a raging tweet storm by Bram Cohen, the founder of BitTorrent and presently the CEO of Chia Network.

Bram Cohen Claims Justin Hasn’t Signed Off The Last BitTorrent Payment

In 2018, the Chinese blockchain billionaire, Justin, acquired BitTorrent from Bram Cohen for a whopping $140 million making BitTorrent Inc. and its sister data transfer application, uTorrent, part and parcel of the Tron family.

Now, Bram came forward with a new allegation on twitter stating that Justin has not held up his end of the deal and thus he has not received his last payment from the BitTorrent deal. He tweeted;

“Anybody know if Justin Sun is hard up for cash? He isn’t letting the last payment for BitTorrent get out of escrow.”

Roy Liu, a TRON Foundation business associate responded to Bram making it clear that money already put in escrow cannot be termed as Justin’s money. He further mentioned that Justin had already signed for the release of the said payment. Bram was quick to reply to Roy asking;

“Are you claiming you aren’t trying to get any of the cash back? And do you have an explanation for not signing off on it two months ago when it was scheduled to happen?”

Another Twitter follower, cryptoskillz, prodded Bram, asking him to validate his source, citing that the payment had already been released on 11th. Bram snapped back saying;

“My source for this is that I don’t have my fucking money and the escrow agency says they haven’t gotten signoff. What’s your source?”

Up till now, neither Tron Foundation nor Justin has responded to this wild accusation.

TRX Continues To Bear The Brunt Of These Allegations

Subsequent to this new allegation, TRX is still shedding value and is one of the biggest losers among the top 20 cryptocurrencies with 4.26% losses. Hopefully, Sun will soon address these allegations and put a halt to the negative attention that is clouding the Tron community and pulling the price of TRX down.

Related Posts

UK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends

UK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends

by firstcryptonews
August 17, 2023
0

While the easing of headline inflation is welcome news for consumers, experts are paying closer attention to the underlying trends....

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

by firstcryptonews
September 8, 2021
0

Panama is reportedly working on a crypto regulation that might legalize Bitcoin ($BTC) and Ethereum ($ETH) as legal modes of...

Ex CFTC Chair says Bitcoin ETF would be good for investors and regulators

Ex CFTC Chair says Bitcoin ETF would be good for investors and regulators

by firstcryptonews
July 8, 2021
0

Timothy Massad, former chairman of Commodity Futures Trading Commission (CFTC) has become the latest US regulatory executive to advocate for...

SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

by firstcryptonews
May 9, 2021
0

SEC chairman Gary Gensler along with several other financial experts testified before the Financial Services Committee about the recent GameStop...

This is what some economists are getting wrong about Bitcoin

This is what some economists are getting wrong about Bitcoin

by firstcryptonews
March 17, 2021
0

The intrinsic value of an asset determines its long-term existence in the market. The ‘spicy’ flavor is the intrinsic value...

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

by firstcryptonews
January 6, 2021
0

Jack Dorsey, the CEO of Twitter, officially confirmed on Twitter that the platform has extended the Bitcoin emoji until the...

Next Post
Tom Lee Says Bitcoin Will Skyrocket This Weekend As Fed Cuts Interest Rates

Tom Lee Says Bitcoin Will Skyrocket This Weekend As Fed Cuts Interest Rates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

IROG: Embarks as the next generation’s leading meme coin in 2025 with an explosive surge post-listing

IROG: Embarks as the next generation’s leading meme coin in 2025 with an explosive surge post-listing

5 months ago
Digifolio Investments Limited Announces Launch of DigiToken ICO on May 1st, 2024

Digifolio Investments Limited Announces Launch of DigiToken ICO on May 1st, 2024

1 year ago
Future Uncertain For XRP Despite Ripple’s Effort to Increase Its Worth

Future Uncertain For XRP Despite Ripple’s Effort to Increase Its Worth

6 years ago
Atua AI (TUA) Unveils Roadmap for Scalable AI Solutions in Decentralized Finance

Atua AI (TUA) Unveils Roadmap for Scalable AI Solutions in Decentralized Finance

3 months ago
Atua AI (TUA) Developer to Secure $180M in TRUMP Memecoin for Development Strategy

Atua AI (TUA) Developer to Secure $180M in TRUMP Memecoin for Development Strategy

4 months ago
Beaver Capital promotes global technological innovation and focuses on AI, blockchain and disruptive technology investments

Beaver Capital promotes global technological innovation and focuses on AI, blockchain and disruptive technology investments

5 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Imagen Network Enhances Social Logic Systems with Smarter Feed Mechanisms

Imagen Network Enhances Social Logic Systems with Smarter Feed Mechanisms

May 7, 2025

Press Release

CyberCatsCoin (CYBCC) Set to Launch Presale – A Fresh Meme Coin with Real Utility

CyberCatsCoin (CYBCC) Set to Launch Presale – A Fresh Meme Coin with Real Utility

May 9, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News