Crypto Founder Justin Sun Issued A Letter, Apologizing For Over Marketing1 min read


Justin Sun is too ill for lunch with Warren Buffett — but kidney stones haven’t stopped the Chinese cryptocurrency entrepreneur from wading deeper into online drama.

Sun, who made headlines for winning lunch with Buffett for a record $4.57 million before postponing the meeting, apologized early Thursday morning Beijing time for “over-marketing” Buffett’s annual charity event after reports emerged that he’d been slapped with a China exit ban.

First announced the cancellation of the Power Lunch on Weibo; then modified his previous remark in a live streaming video on Twitter, claiming that the lunch is postponed due to his health issue, not cancelled. It seems that the options Justin is looking at are full of complexities.

See also  "We cannot accept private companies issuing their own currencies without democratic control,” Mr Le Maire said

With his controversial reputation, could this apologizing letter just another scenario, Justin speculates?

Soon after he announced the postponement, media outlets in China published reports on Tuesday saying Sun had been on China’s border control list, though Sun later live streamed himself to prove he’s currently in San Francisco.


In addition, Sun said in the letter he will now minimize his appearance in the public to contemplate the over-marketing issue.

“Moving forward, due to my illness, I will take some rest, reduce my publicity on Weibo and media interviews. All the efforts spent on publicity stunt need to go back to technology development,” he stated.

See also  Scammers send emails impersonating FCA, offering ‘guaranteed’ cryptocurrency investment opportunity

In his latest post,

“Sun noted “the vision and vigilance of the elders of regulatory agencies.” “It can be said that without the care and guidance of the regulatory agencies, there will be no healthy development of the blockchain industry today,” Sun said.


You may also like