"Dizzy, so do you really have to be arrested?'
Investors were shocked today by rumors that Tron (TRX) founder Justin Sun was handcuffed by law enforcement officials in Hong Kong, but most believed it was just FUD* of the crypto project.
*When people share negative information about crypto online for manipulation purposes
Following that, the price of TRX continuously plunged by 6.15% at $0.06318 in the last 24 hours after the news of Sun's arrest spread.
In response, Sun only mentioned the number 4, where it was the same word Binance Chief Executive Officer (CEO) Changpeng Zhao (CZ) mentioned when the Futures Trading Commission (CFTC) filed a lawsuit against his company.
Explained in more detail, CZ has written the number 4 on his Twitter account as part of his goal to convey the implicit meaning of ignoring FUD, fake news, attacks etc.
Returning to the issue of Sun, he was found to be actively sharing various photos regarding the progress of his visit to Hong Kong and his former mentor, so some still do not believe that Sun has been arrested.
In fact, other parties vehemently denied the claim and questioned the validity of the rumor including calling it an attempt to spread fake news after Sun was seen attending several events.
On March 22, 2023, the Securities and Exchange Commission (SEC) of the United States (US) charged Sun with unregistered offers and sales of TRX and BitTorrent (BTT) and manipulating the TRX market through wash trading.
