Justin Sun
Justin Sun | |
---|---|
孙宇晨 | |
Permanent Representative of Grenada to the World Trade Organization | |
In office 2021–2023 | |
Personal details | |
Born | July 30, 1990 Xining, Qinghai, China | (age 33)
Citizenship | Grenada |
Alma mater | Peking University University of Pennsylvania |
Occupation |
|
Known for | Founder of Tron DAO |
Website | www |
Justin Sun (
Sun once served as
Early life and education
Sun was born in 1990.[4] He holds a Bachelor of Arts degree with a major in history from Peking University[5] and a Master of Arts degree in East Asian studies from the University of Pennsylvania.[6]
At the University of Pennsylvania, Sun became interested in cryptocurrency and invested early in bitcoin.[7] He studied at Jack Ma's Zhejiang Hupan Entrepreneurship Research Center.[8] He became the cover figure of Yazhou Zhoukan in 2011[7] and a Davos Global Shaper in 2014.[9]
Career
Internet
Sun once acquired the mobile social app "Peiwo", which has been criticised for vulgar and pornographic content, was taken down from app stores in China[10]. As of 2018, the "Peiwo" app has been delisted from multiple platforms. Its official download page displayed a third-party alert stating, "The webpage contains fraudulent red envelopes, which have been complained about by many users and access has been suspended.[11]" In June 2018, the app was exposed for having "vulgar content" in its live streams, leading to subsequent rectification efforts. According to the National Enterprise Credit Information Publicity System, Guangzhou Peiwo Information Technology Co., Ltd. (Peiwo) was listed as having abnormal business operations. Qichacha(Business Check website) shows that the legal representative of the company is Sun Yuchen, with a registered capital of 1 million CNY. Through equity penetration, it can be seen that Sun Yuchen holds 100% of the shares. The company was formerly known as Guangzhou Ruibo Information Technology Co., Ltd.
Blockchain and technology
In late 2013, Sun joined Ripple Labs as chief representative and adviser.[4] In 2014, he founded Peiwo, a Chinese voice-based social networking app.[5][6] He was named CNTV's most noteworthy new entrepreneur in 2015, and was included in Forbes 30 Under 30 Asia list from 2015 to 2017.
Sun founded the blockchain-based operating platform TRON and launched the TRX token in 2017.[4][8] In September 2017 his company Tron held an initial coin offering (ICO) for the TRX token, a few days before the Chinese government banned ICOs. According to The Verge, Sun was aware of the impending ban, and pushed for the sale to occur before the ban could be announced. Shortly afterwards, Sun left China for the United States. TRON raised about $70 million at its ICO.[12]
In June 2018, Sun acquired the company
Sun later acquired the crypto exchange Poloniex. The Verge alleged in 2021 that Sun demanded that he should be given personal ownership of misplaced Poloniex customer funds that users accidentally sent to wrong wallet addresses, totaling about 300 bitcoin, despite the objections of Poloniex employees.[12] In November 2023 Poloniex had $120 million stolen by hackers. Sun offered to let the hackers keep $6.5 million if they returned the rest of the money within 7 days.[15]
Sometime between 2018 and 2020, Sun acquired a Maltese residency card as a result of investing in the country.[12]
In October 2021, Sun participated in a $65 million funding round in
In February 2023, he was the largest individual staked ether holder, with a balance of $500 million.[17]
On behalf of non-fungible token (NFT) related projects and funds, he has spent more than $100 million at auction for artworks from Pablo Picasso, Andy Warhol, Alberto Giacometti, and Pak.[18] In March 2024, Sun deposited $480 million to the Ether.Fi protocol.[19]
Diplomacy
Sun was appointed Ambassador and
In December 2021, Justin Sun retired as a CEO of
In March 2023, Sun stepped down from his position as Permanent Representative of Grenada to the World Trade Organization.
Pending Civil Cases
In March 2023, Sun was sued by the
Personal life
Sun placed the winning $4.6 million bid to have a private meal with
In December 2021, Sun won an auction with a bid of $28 million to be the first paying passenger to fly on Blue Origin's New Shepard vehicle in July 2021, but he was not able to fly on the mission due to a scheduling conflict.[36][32]
Bibliography
- Brave New World (2017)[6]
References
- ^ Pan, David (June 26, 2023). "Crypto Exchange Huobi Delists Tokens Using Justin Sun's Tron Stablecoin". Bloomberg.
- ^ "Another algorithmic stablecoin loses its peg as Tron's USDD falls, with founder Justin Sun vowing to deploy $2 billion". Fortune.
- ^ "In Huobi's HTX Rebrand, the Echoes of FTX Go Beyond the Name". September 21, 2023 – via Bloomberg.com.
- ^ a b c d Foust, Jeff (December 23, 2021). "Crypto entrepreneur to go to space on New Shepard". Space News.
- ^ a b Chen, Jiayin (January 24, 2022). "'Idols Are Dead': TRON Founder Justin Sun on the Opportunities That Crypto Art Presents for His Rising Generation". Artnet News. Retrieved March 14, 2022.
- ^ a b c Zou, Cornelia (July 2, 2019). "Why Justin Sun has 1.3 million Weibo followers". South China Morning Post. Retrieved March 14, 2022.
- ^ a b Li, Jane (July 21, 2019). "Crypto-bro Justin Sun represents everything Warren Buffett "can't even" about crypto". Quartz. Retrieved September 22, 2022.
- ^ a b Fulton, Michaela (June 17, 2019). "5 things to know about Chinese crypto entrepreneur Justin Sun". South China Morning Post. Retrieved March 14, 2022.
- ^ "30 under 30". Forbes.
- ^ "This preprint has been taken down". dx.doi.org. October 16, 2020. Retrieved April 18, 2024.
- ^ "Cryptocurrency celeb ran a hook-up app before his US$4.6m Buffett lunch bid". South China Morning Post. July 27, 2019. Retrieved April 18, 2024.
- ^ a b c d e Harland-Dunaway, Christopher (March 9, 2022). "The many escapes of Justin Sun". The Verge. Retrieved October 6, 2022.
- ^ "BitTorrent unveils cryptocurrency so users can pay for faster download times". VentureBeat. January 3, 2019. Retrieved May 5, 2023.
- ^ Kharif, Olga (December 17, 2021). "Crypto Wunderkind Justin Sun Says He's Becoming a Diplomat for Grenada". Bloomberg.com. Retrieved January 11, 2022.
- ^ Jones, Connor. "Justin Sun offers 5% deal to $120M Poloniex crypto-robbers". www.theregister.com. Retrieved November 23, 2023.
- ^ "Ubisoft, Sequoia China Help NFT Creator Hit $2 Billion Valuation". Bloomberg.com. October 20, 2021. Retrieved May 5, 2023.
- ^ Nina Bambysheva (February 27, 2023). "Liquid Staking Takes DeFi By Storm With $240 Million Lido Inflow, Apparently From Justin Sun". Forbes. Retrieved April 21, 2024.
- ^ Abrams, Amah-Rose (November 16, 2021). "Crypto Billionaire Justin Sun Has Revealed Himself as the Buyer of the Macklowes' $78.4 Million Giacometti". Artnet News. Retrieved May 12, 2023.
- ^ "Justin Sun Deposits $480M of ETH to Restaking Protocol Ether.Fi". markets.businessinsider.com. Retrieved March 21, 2024.
- ^ a b Kharif, Olga (December 17, 2021). "Crypto Wunderkind Justin Sun Says He's Becoming a Diplomat for Grenada". Bloomberg.com. Retrieved January 11, 2022.
- ^ Yang, Yueqi (December 22, 2021). "Crypto Entrepreneur Justin Sun Tackles Space Next With Blue Origin Flight". Bloomberg.
- ^ a b "SEC.gov | SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations". www.sec.gov. Retrieved March 22, 2023.
- ^ Wigglesworth, Robin (March 22, 2023). "SEC goes after Justin Sun, Lindsay Lohan and Soulja Boy". Financial Times.
- ^ Roth, Emma (March 22, 2023). "SEC sues Justin Sun for his crypto schemes, along with Lindsay Lohan, Jake Paul, and Soulja Boy". The Verge. Retrieved March 22, 2023.
- ^ Mueller, Julia (March 22, 2023). "SEC charges Lindsay Lohan, Jake Paul with crypto violations". The Hill. Retrieved March 22, 2023.
- ^ Hipes, Patrick (March 22, 2023). "Lindsay Lohan, Jake Paul, Lil Yachty Among Celebrities Charged In SEC Crypto Case". Deadline Hollywood. Retrieved March 22, 2023.
- ^ Lam, Katherine (June 3, 2019). "Winning bidder of Warren Buffett's private lunch revealed as Tron CEO Justin Sun". FOXBusiness. Retrieved May 12, 2023.
- ^ "Chinese blockchain entrepreneur Justin Sun won Warren Buffett's charity lunch with $4.6M bid". Yahoo Finance. Retrieved May 12, 2023.
- ISSN 0362-4331. Retrieved May 12, 2023.
- ^ Russolillo, Stella Yifan Xie and Steven. "'Excessive Self-Promotion': Justin Sun Apologizes After Postponing Charity Lunch With Warren Buffett". WSJ. Retrieved May 12, 2023.
- ^ a b Mohamed, Theron. "Warren Buffett finally had his $4.6 million meal with crypto boss Justin Sun". Markets Insider. Retrieved May 12, 2023.
- ^ a b "Crypto Entrepreneur Justin Sun Tackles Space Next With Blue Origin Flight". Bloomberg.com. December 22, 2021. Retrieved November 11, 2023.
- ^ Crippen, Alex (February 6, 2020). "Cryptocurrency entrepreneur finally gets his $4.6 million meal with Buffett". CNBC. Retrieved November 11, 2023.
- ^ Crippen, Alex. "Cryptocurrency entrepreneur finally gets his $4.6 million meal with Buffett". CNBC. Retrieved May 12, 2023.
- ^ "Crypto pioneer Justin Sun pays $4.57 million for Warren Buffett lunch". Reuters. June 3, 2019. Retrieved May 12, 2023.
- ^ "Crypto pioneer Justin Sun plans space trip with Blue Origin". Reuters. December 22, 2021. Retrieved May 12, 2023.