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,

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    Lujan Odera
    Lujan Odera
    Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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