Justin Sun, Tron cryptocurrency founder who was scheduled to have a meeting with Warren Buffett today in San Francisco, has bailed out on the meeting citing kidney stones.
Sun paid a total of $4.57 million dollars as the highest bidder to get this opportunity to convince Buffett in his own words that he was wrong about cryptocurrency mining and is indeed late to the investment party.
Warren had looked forward to the meeting without losing sleep that his mind would be changed despite the lunch but with the recent developments, it seems Sun will not be able to keep up to his earlier expectations.
On another note, the word is out from Chinese Media that Sun is subject to investigations over illegal fundraising, money laundering and more, which was a major cause for the 20% drop in his Crypto investment. News Justin Sun took no time to debunk.
The situation surrounding his crypto mine is not an oddity as news of owners of cryptocurrency absconding with clients investments come around a dime a dozen.
The New York Times has pointed out that Chinese Executives have a habit of disappearing once the government tightens its grip on the business community.