Home / Business / Justin Sun apologizes to the regulators for over-marketing Buffett's lunch

Justin Sun apologizes to the regulators for over-marketing Buffett's lunch

Justin Sun, founder of Tron Cryptocurrency, has publicly apologized for his behavior in the cryptocurrency industry via his social media channel.

Sun released a letter in Chinese on Weibo on Thursday, saying he sincerely apologizes to the public, the media, the authorities and the regulators "for his excessive marketing efforts, especially as a result of his recent release of a highly anticipated charity event. Lunches with billionaire Warren Buffett.

"My intention to have lunch with Buffett was because of my admiration for him and my enthusiasm for charity. It was easy, but also selfish, to promote the blockchain industry and my project. But my immature, naïve and impulsive behaviors with my big mouth made it a runaway and failed over-marketing hype, leading to a series of unexpected consequences, "he wrote, adding:

" Throughout Process I was not only excited but also worried, tortured and then scared and regretful. … It has had a negative impact on the public and raised concerns from regulators who look after me. I would like to say again: I'm sorry.

Sun did not specify which regulators he referred to in the letter, but mentioned the term "regulator" 1

3 times. So far, he has only published the apology in Chinese. The letter comes just days after he postponed lunch with Buffett, citing a kidney stone health problem.

Soon after announcing the postponement, media in China released Tuesday reports stating that Sun had been on China's border checklist. Sun later flocked live to prove he was currently in San Francisco.

In addition, Sun said in the letter that he would now minimize his public appearance to reflect on the over-marketing issue.

Illness I will rest a bit, reduce my publicity on Weibo and media interviews. All efforts made for advertising campaigns must be traced back to technological development. "

On Wednesday, Sun said in a tweet that he feels much better and seems capable of working full speed on Friday. In a Weibo post on the same day, he also said he should be able to meet the outside world soon after recovery.

Justin Sun picture about CoinDesk

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