News

Justin Sun Reportedly Lost Grenada Ambassadorship

Key Points:

  • According to reports, Justin Sun is no longer a Grenada ambassador.
  • The reason for the dismissal was that the election in Grenada took place at the same time, and the party that gave the role of ambassador to Sun failed in this election.
  • However, Sun has so far not acknowledged this.
Justin Sun, the founder of TRON (TRX), has not been a WTO ambassador for Grenada since June 2022, but this information has been kept secret until now.
Justin Sun Reportedly Lost Grenada Ambassadorship 3

Sun’s status as ambassador was revoked, according to a Grenada Broadcasting Network report this week, sometime after elections in June 2022.

It is conceivable that the loss of office was caused by the fact that the Grenada election took place at the same time, and the New National Party, which gave ambassador Justin Sun power, lost in this election. The National Democratic Congress could then summon all of the ambassador’s homes to redistribute tasks.

According to reports, all ambassadors were summoned sometime during the early months of the now nine-month-old administration. The news comes after weeks of speculation on social media and in the press that Sun had lost his credentials.

Justin Sun, on the other hand, has yet to acknowledge that he is no longer a Grenada ambassador. Justin Sun’s Twitter page still has the ambassador’s title, H.E., and the Grenada flag in the profile bio.

Justin Sun Reportedly Lost Grenada Ambassadorship 4

Justin Sun is a controversial figure in the crypto community, but he is also one of the most well-known.

He announced at the end of 2021 that he had been appointed Ambassador to the WTO for Grenada, despite having no diplomatic or Grenada-related experience. Many community members believe that the act of purchasing Justin Sun’s position is what allows him to obtain legal immunity.

After Justin Sun was sued by the US Securities and Exchange Commission (SEC) for illegal securities offerings related to two projects, TRON and BitTorrent (BTT), as well as market manipulation and dishonest promotion, speculation about his ambassadorship resurfaced.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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