Justin Sun Signs Release Agreement with Chinese Authorities, Says Tron’s Top Executive

Fri, 07/26/2019 - 09:01
Yuri Molchan
Head of Business Development for Tron tweets that Justin Sun has been formally released by Chinese authorities and Sun’s lawyers are settling the issue now
Cover image via www.123rf.com

Roy Liu, the chief of business development at Tron, has tweeted a photo where apparently Justin Sun is having his photo taken after signing a release agreement.

The latter fact was also shared by Liu on Twitter on Thursday.

Sun’s payment for BitTorrent is overdue

The discussion started from the founder and former CEO of BitTorrent, Bram Cohen, tweeting that he has not received a regular payment from Justin Sun for BitTorrent through escrow.

Roy Liu answered the tweet, saying that Sun is getting back to all of regular business activities now that his lawyers have taken over and are working on Sun’s issues with the Chinese regulators.

Image by twitter

Liu did not specify, what happened to Sun prior to the signing of the agreement, whether he was in a confinement, home detention or another similar thing.

Previously, U.Today reported that Justin Sun was under investigation for illegal fundraising in the past, provision of illegal gambling services, running a pornography business and leaving China using a loophole in an exit restriction.

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Cohen’s life after BitTorrent

In summer 2017, Cohen left BitTorrent and co-founded a Chia Network crypto startup in order to create a Bitcoin rival that would be less energy-consuming.

Coindesk reported that in June this year, Cohen took over as the CEO of Chia, and its former chief executive Ryan Singer left to focus on his family issues.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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