Tron (TRX) Beijing Office Raid Turns Out to Be Help From Police to Settle Mob of Angy Scam ‘Investors’

Widely reported news of the Tron (TRX) offices in Beijing being stormed by angry protestors following the scam that saw investors lose over $30 million USD turns out to be a false alarm.

In an interesting development early on Monday, a Tweet from @PandaofBinance showed a video of protestors trying to get into Tron Beijing offices demanding a refund from the crypto scam reported last week.

The news was widely reported as a raid by the police on the firm following the alleged scam on the protestors but as it turns out, the police were actually there to control and settle the protestors.

One of the senior analysts at eToro, the social trading site, Mati Greenspan clarified the issues witnessed at Tron offices in Beijing saying the police were called by the Tron team to control the crowds. The tweet quoted the video:

“A lot of misinformation floating around, so to clarify. The Tron office wasn't raided by the cops. Tron was the one who called the police to protect them from investors who are upset that Tron scammed them.”

The investors are angry of losing close to $30 million USD worth of TRX tokens following a scam that associated itself to Tron Foundation.

While a number of people who were scammed claim the company is responsible for the attack through silent complicity, Tron Foundation’s CEO, Justin Sun, refuted the claims. The CEO has previously been accused of being complicit for not disassociating himself with the scheme before the users lost the amount.

In a tweet, Sun has asked the public to stop spreading the fake news and pictures as the company prepares for the launch of Bit Torrent Speed. The company head wrote on Twitter,

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide