Chain News by Thebittimes.Com

According to sources familiar with the Richard Hall and Lukasz Juraszek vs Rainberry Inc. lawsuit, Justin Sun was not entitled to use diplomatic immunity to avoid liability concerning his actions while running the BitTorrent buyer. This is despite long-term claims from the Tron founder’s legal team that his ambassadorial roles handed him this loophole. A Web3 of lies In 2021, Grenada announced that Sun had been appointed the Ambassador, Permanent Representative of Grenada to the World Trade Organization. This is true, as evidenced by a 2024 Grenadian news article that states Sun was terminated from his UN position, along with a slew of other foreigners who had cushy diplomatic roles, in 2022. Protos has also obtained documentation confirming Sun’s status as a diplomat for Grenada and a visa proving that he was Ambassador for Science and Emerging Technology for Grenada’s Mission to the United Nations. However, as detailed by the Associate Spokesperson for the Secretary-Gene...

The UK’s finance watchdog, the Financial Conduct Authority ( FCA ), has publicly warned users that Justin Sun ’s crypto exchange Poloniex is operating unauthorized. As such, financial laws don’t protect traders using the platform, the FCA warned on Wednesday. The financial watchdog already added Justin Sun’s HTX and KuCoin to its warning list in October, along with 138 other crypto firms. “[Poloniex] may be promoting financial services or products without our permission,” the FCA alert said. “You should avoid dealing with this firm.” Seychelles-based Poloniex was one of three entities owned by Sun to recently fall victim to a suspicious hack — ever since Sun’s friend, former Binance chief Changpeng Zhao (CZ), pled guilty to criminal charges. The unknown hacker stole $114 million from Poloniex, $30 million from HTX, and $87 million from the HECO bridge. Circle emphasizes that Justin Sun is not sanctioned… yet Read...

In early October 2022, right before the collapse of FTX, a mostly unheard-of Hong Kong-based investment firm, About Capital Management (ACM), announced that it had acquired China-based crypto exchange Huobi. It soon became clear that the mysterious party responsible for acquiring the exchange was, in fact, none other than TRON and Poloniex founder Justin Sun . In hindsight, the clues were there, from his persistent tweeting about the company to his appointment to the Huobi Global Advisory Board. However, Justin continues to deny any controlling ownership, instead stating that he’s an investor who merely helps to run things. So, the question remains: Exactly who owns Huobi and what’s the plan for the exchange? Why couldn’t Huobi admit Justin Sun helps run the crypto exchange? Read more: Huobi monetizes FTX collapse with opaque debt token Corporate documents answer nothing Protos acquired Hong Kong corporate documents for numerous Huobi and Justin Sun-related entiti...