Hot Topics
Coin Gecko

Advertisement

Angry Mob Infiltrate TRON Offices

 
Angry Mob Infiltrate TRON Offices
Breaking News / Cryptocoins / TRON

In what seems to be a drastic turn of events, TRONs office in Beijing, China has been almost attacked by an angry mob

TRON has had a rough past week despite the CEO Justin Sun recently winning a $4.5 million bid to sit down with the American titan investor, Warren Buffett.

Twitter user Hayden Otto just posted videos on Twitter showing several people in distress, with the caption:

“Police raids at #Tron offices in Beijing? Additionally, there's many angry people gathered there who are saying things like "Tron is a scam". $trx #trx @justinsuntron”

Watch the video Otto posted here.

At the same time, the Twitter account Whale Alert posted that more than 675,530,300 TRX tokens were shifted to an unknown wallet on what seems to be the Huobi exchange.

UPDATE 8th July 2019 12:30 BST

Last week we reported that a Ponzi scheme using a similar name to TRON duped investors into spending their money. Many investors lost out and one person even committed suicide.

One user on Reddit has said:

"It appears that another group was using a derivative of Tron's Chinese name to conduct a ponzi type of scam, which many Tron enthusiasts fell for subsequently losing millions and even one victim committing suicide.
Now those victims are blaming Tron and Justin Sun for not confirming if that other group was officially working with Tron."

We will keep this updated as more information is released.

UPDATE 8th July 2019 12:47 BST

From our Chinese Translator 'Cyan Cheung'

"In the video, people were complaining that no one is responding and even the receptionist has gone.
The woman was crying that they can't even get out of the office now. It is a dead end.
They urge Justin to respond to it and be responsible for this."

UPDATE 8th July 13:33 BST

A video has surfaced on Twitter that shows fighting breaking out between what seems to be investors and the authorities/security team. 

If you look closely in the background, you can see the TRON logo indicating this happened inside the Beijing office.

See the video here.

UPDATE 8th July 15:48 BST

TRON has published an official statement on Medium which goes into detail on what happened in the offices. 

"After communicating with the protesters, employees at Raybo learned that at least some of the people were deceived by the so-called “Wave Field Super Community” scheme that traded on its similarity to the Chinese-language version of TRON’s name to defraud investors. The victims had been promised high rates of return on their investments in the name of TRON, BitTorrent and uTorrent.

TRON officials expressed their sympathy and understanding for those who had been deceived, however, the company strongly condemns acts of violence that may be perpetrated as a result of events that are not in its direct control. TRON has on multiple occasions warned investors of potential pyramid schemes or illegal activities that attempt to defraud investors under the guise of fast riches using blockchain technology.

In regards to reports of TRON’s inaction specifically regarding the Wave Field Super Community scam, in January after learning of the Wave Field Super Community and that it had been attracting investors in the name of TRON, TRON warned investors on its WeChat messaging group, Wei Bo official channels — Wei Bo and Dou Yin, etc. — to beware of potentially fraudulent schemes. The company posts similar warnings in its English-language territories and has a Community team that operates across the globe to answer investor questions and listen to problems. The company on multiple occasions has stated it reserves the right to pursue legal remedies against those that seek to infringe on the company’s name to sow confusion in the public marketplace.

After first hearing of Wave Field Super Community, officers of Raybo technology, a partner of TRON in mainland China, communicated with that company, seeking a cease and desist from acting in TRON’s name. The company also reported the company to the public security organs. Ruibo is working with police to bring the criminals to justice and continues to work internally to safeguard the rights and interests of investors.

TRON Foundation

July 8, 2019"

In the first version of this article, we stated that authorities raided the offices which has now been corrected as more information surfaced.

You can share this post!