Although the drama is not yet over, the lead actor has toned down and Justin Sun apologized for his recent actions which have tarnished his reputation. In the past few days, Justin Sun, the founder of Tron, has been under fire for, among other things, canceling the much-awaited charity lunch with the CEO of Berkshire Hathaway, Warren Buffett.
However, Sun has admitted his was on the wrong side and even blamed his “big mouth” for what followed after canceling the lunch date. On his Weibo account, Sun apologized to the general public, the crypto community, regulators, and all those he has angered with his “immature, naïve, and impulsive conducts.”
Sun admires Buffett
But, amidst his apology, the founder of Tron said that, although things went out of control and that his original intentions for having lunch with Buffett was because of “his admiration for him” coupled with his “enthusiasm for charity.”
In a letter he posted on Weibo, Sun said:
“My intention of having the lunch with Buffett was because of my admiration for him and my enthusiasm for charity. It was simple, but also with self-interest to promote the blockchain industry and my project. But, my immature, naïve, and impulsive conducts with my big mouth have turned it into an out-of-control and failed over-marketing hype and led to a significant series of unexpected consequences that I completely did not expect.”
Additionally, Sun admitted that after winning the $4.57 million charity lunch date, he was overly excited. But later, the excitement turned into worry, agony, “and then terrified and regretful.”
Did Sun apologize to Chinese regulators?
Interestingly, in his letter, the term ‘regulator’ was conspicuously mentioned without explicitly mentioning who it could be; whether Chinese, Singaporean, or the United States. However, gauging from earlier reports, Justin may supposedly be apologizing to the Chinese regulators where he was accused of engaging in pornography, money laundering, among other illegal activities.
Sun was also reportedly under the watch of the border control regulators in China. Fortunately, by the time he was put on the list, he was in San Francisco in the US.
Sun exits the public limelight
In his letter, the Tron founder reiterated that he’s suffering from kidney stones. Therefore, he “will take some rest” and reduce his appearances on social media platforms. Additionally, he will cut down on media interviews. “All the efforts spent on publicity stunt need to go back to technology development,” Sun said.
As reported by Bloomberg, although Sun cited kidney stones as the reason for canceling the lunch date, “one person with knowledge of the matter said several Tron executives were briefly detained by Chinese authorities, and then released once Sun agreed to put off the lunch.” The recent report by Asia Crypto Today stating that Tron has increased security outside of their offices and are looking to hire a “head of Government relations” certainly adds weight to this rumor.