Tron (TRX) Founder Justin Sun Is Not Arrested In Hong Kong

Key Points:

• Rumors surfaced alleging Tron founder Justin Sun’s arrest, but his Twitter account shows he arrived in Hong Kong four hours ago and posted from various parts of the city.
• False rumors can significantly impact cryptocurrency prices, so waiting for official confirmation and relying on reliable sources is essential before making any investment decisions.

Rumors claim Tron (TRX) founder Justin Sun was arrested in Hong Kong, but Sun’s Twitter account shows otherwise. False rumors can impact prices, rely on reliable sources before making investment decisions.

Recent rumors have surfaced claiming that Tron (TRX) founder Justin Sun has been arrested in Hong Kong. However, Sun’s Twitter account shows that he arrived in Hong Kong approximately four hours ago and has been sharing posts from various parts of the city.

The source of the rumor is FXHedge, a Twitter account known for sharing news and opinions on financial markets, including foreign exchange and commodities. The account has a track record of sharing sensational and sometimes false tweets.

Following the spread of the rumor, TRX price initially reacted negatively but has since recovered to its pre-event level.

In response to the allegations, Justin Sun posted a statement on Twitter with the number “4,” which is frequently used by Binance CEO to mean “ignore FUD.”

Additionally, several accounts on Twitter have stated that Sun was not arrested, further fueling doubts about the veracity of the rumor.

It is important to note that as of this writing, there is no official confirmation of Justin Sun’s arrest. The situation is still a rumor, and it is essential to exercise caution.

As a cryptocurrency investor, staying informed about the latest news and rumors in the industry is crucial. However, it is equally important to evaluate the source of information and exercise caution before making any investment decisions. False information and rumors can significantly impact cryptocurrency prices, and it is essential to rely on reliable sources and official statements to make informed decisions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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