Chinese police raided the office of the Tron cryptocurrency project in Beijing

Chinese police raided the office of the Tron cryptocurrency project in Beijing

The Tron cryptocurrency project found itself at the center of a scandal after cadres appeared in which Chinese police searched the Beijing office of a development company.

According to users of social networks who posted the footage, police officers and members of the public who call the project “fraud” are present at Tron headquarters. CoinSpice founder Hayden Otto wrote
on Twitter:

“The police descended on Tron’s Beijing office. In addition, there were many disgruntled people who say that “Tron is a fraud.”

Yahoo! Finance also reports that the events occurred amid a scandal involving Tron CEO Justin Sun and a fraudulent cryptocurrency scheme allegedly associated with the project. Tron operates in China as Wave Field, and another blockchain-based company, the Wave Field Super Community, also operated in the country until it suddenly disappeared last week.

According to Yahoo! With reference to the local newspaper Nuclear Finance, the company’s operators received the equivalent of $ 30 million from investors before disappearing with all the money. Critics claim that San knew about the existence of the firm, but did not warn users that the Super Community is not affiliated with Tron. According to rumors, Tron benefited financially from the Super Community operations.

“It seems that another group used the Chinese name Tron to carry out fraud, which was supported by many Tron supporters who subsequently lost millions, and one person even committed suicide,” the user wrote
Reddit “Now these victims accuse Tron and Justin San of not warning that there is no connection between this company and their company.”

The unfolding events have not yet had an impact on the TRX rate, which grew by 4.08% over the past day.

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In the middle of last month, Tron announced
about plans to update the main network, and in May Opera was added to Opera
Tron support.


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