- Justin Sun, the founder of Tron, reportedly lost his diplomatic status in Grenada last year.
- Sun denies that he lost his ambassadorship position.
- Earlier, dissident accounts from China reported that Sun had his diplomatic immunity revoked.
Things are not looking up for Justin Sun. The controversial crypto entrepreneur is in legal trouble in the US, and recent reports indicate the Grenadaian government no longer protects him.
The Tron founder lost his position as Ambassador of Granada to the World Trade Organization (WTO) in 2022, the Grenada Broadcasting Network reported on Monday. The position came with certain perks, including immunity from criminal prosecution worldwide.
Sun Loses Diplomatic Immunity After Change of Power in Country
On Mar 22, 2023, US authorities charged Sun with securities fraud, together with eight celebrities that promoted his tokens. Following news of the charges, local reports from Grenada suggest that Sun lost his immunity after the June 23 elections. Sun reportedly had close relations with the former administration, which has since lost power.
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The previous administration made Sun the country’s ambassador to the WTO. Reports say the government expected Sun to promote trade, investment, and development in the small Caribbean nation with a population of 124,000.
These reports confirm earlier claims by Chinese dissidents on Twitter, indicating that Sun lost his diplomatic passport. These reports also suggest that Granda’s issues with corruption could be how Sun obtained his position.
Sun denied the reports that he was stripped of his lofty title. As proof, he provided screenshots of the WTO’s official website, which still lists him as the Ambassador of Granada to the organization.
On the Flipside
- Justin Sun’s loss of diplomatic status and immunity could have significant legal consequences for his SEC lawsuit.
- Sun has been embroiled in multiple controversies and has a questionable reputation in the crypto space.
Why You Should Care
Justin Sun controls the Tron ecosystem and the major crypto exchange Huobi. His potential legal troubles could hurt the crypto market, especially in Asia.
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Read about the recent lawsuit against Sun and multiple global celebrities:
Lindsay Lohan, Jake Paul Fined $400,000 for Tron (TRX) Promo
Read more about ongoing issues in Binance:
Binance Withdrawals in U.S. Disrupted Amid Legal Battles
