Justin Sun Responds to Arrest Rumors: Binance CEO CZ Says Ignore FUD

• Justin Sun, founder of TRON and former diplomatic representative for Grenada to the World Trade Organization, responds to rumors about his alleged arrest.
• Crypto_Bitlord shared a tweet claiming that Sun had been arrested in Hong Kong.
• Binance CEO Chanpeng “CZ” Zhao weighed in on the news with his popular “Ignore FUD” message.

Justin Sun Responds to Arrest Rumors

Former diplomatic representative for Grenada to the World Trade Organization and TRON Founder Justin Sun replied to the rumors about his alleged arrest. The crypto entrepreneur arrived in Hong Kong in the past 24 hours to participate in one of his company’s event, the crypto exchange Huobi.

Crypto Community Reacts

Following Sun’s arrival, influencer Crypto_Bitlord shared a tweet claiming that he had been arrested in Hong Kong. This triggered a reaction from the crypto community has been the target of regulatory scrutiny for allegedly violating U.S. securities laws.

“Ignore FUD”

Binance CEO Chanpeng “CZ” Zhao joined the debate via his Twitter account. CZ popularized using “4” to respond to news surrounding the crypto industry in 2023, with it being a call to “ignore FUD (Fear, Uncertainty, Doubt), fake news, attacks, etc.” On Sun’s rumors CZ said: “Not for myself. Just really sad to see people spreading FUD in the industry.”

Regulatory Scrutiny

The sector has seen regulators worldwide launching actions against crypto-friendly companies. The Securities and Exchange Commission (SEC) and other regulators have investigated CZ and Sun.

“Do’s and Don’ts”

“Will try to keep 2023 simple,” CZ tweeted recently,” Spend more time on less things….Do’s and Don’ts: 1 Education 2 Compliance 3 Product & Service 4 Ignore FUD, fake news, attacks etc.”