Cryptocurrency-centered news website Cryptoslate revealed the developments, giving their own version of remarks that Sun supposedly authored and subsequently deleted from the Weibo social media site on July 25.
Sun was supposed to have dinner on Thursday with iconic Bitcoin (BTC) naysayer Warren Buffett, a deadline he recently deferred suddenly because of kidney stones.
Simultaneously, Sun’s vigorous promotion of Tron, something he is well known for, seemed to turn sour as Chinese officials reportedly expressed doubts about the legal position of the platform.
Those doubts came to limelight through local news agency Caixin’s, which also claimed that Sun has been being prohibited from overseas visits. Then, in the explanation, which seemed to be an effort to pacify Beijing, Sun mentioned Caixin.
Rough translation of Sun’s statement is given below:
“I didn’t sleep all night yesterday, and deeply reflected on my memories and was introspective for my behavior and words — I felt ashamed for my over-marketing. I want to deeply apologize to the public, media, leaders, and the related regulatory authority who cared about me.”
Notably, to refute reports that he was prohibited from leaving China, Sun published proof that he was indeed in San Francisco, the former venue for the Buffett dinner. The businessman did not explain why he opted to remove the excuse in which he promised to modify the nature of his marketing practices.
Sun pleaded (indirectly) to Beijing as follows:
“In the future, I will repair my shortcomings, reduce my vocalizations on Weibo, reduce the media interviews, and translate all the research and development from marketing hype to true blockchain technology.”
Despite the dispute, Tron’s TRX coin was trading at $0.02292, representing a small gain of 0.2%.