Chinese cryptocurrency entrepreneur Justin Sun issued a lengthy public apology on Thursday for the manner in which he promoted his US$4.57 million ...
SHANGHAI: Chinese cryptocurrency entrepreneur Justin Sun issued a lengthy public apology on Thursday for the manner in which he promoted his US$4.57 million charity lunch with Warren Buffett, raising questions over whether the event will go ahead.
Such high-profile events are unusual in China's cryptocurrency industry which has been under heavy regulatory scrutiny for the past two years. Authorities have warned about speculation risk and banned initial coin offerings, prompting many industry players to keep a low profile. In Sun's Thursday statement posted on his Weibo microblog account, he said he had been immature and"over-marketed" himself, and that his original good intentions to arrange the lunch with Buffett had resulted in unexpected consequences that led him to neglect his social and public responsibilities."This has resulted in a bad influence on the public, and incited the worries of the regulatory bodies which care for me," he said.
Sun's company, the Tron Foundation, did not respond to a Reuters request for comment. U.S. investment firm Berkshire Hathaway Inc , which Warren Buffett chairs, did not respond to a request for comment outside regular business hours.
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