Tron founder Justin Sun wins defamation lawsuit against Sina

On December 31, 2024, The Beijing Internet Court determined that Sina's earlier claims of insider trading and federal investigations were incorrect and defamatory in nature.

Tron founder Justin Sun has reportedly won a legal battle in a major defamation lawsuit against Sina. The Beijing Internet Court ruled on December 31, 2024, that Sina’s earlier claims of insider trading and federal investigations were incorrect and defamatory in nature.

Sina Issues Apology, Pays Damages

Following the court’s verdict, Sina issued a public apology on February 7, 2025. They also made the decision not to appeal further on February 26, 2025. The media giant has now paid Sun RMB 31,338 in damages, concluding the six-year legal dispute.

Sun, the founder of Tron, expressed his thoughts on this development. He stated that this ruling sets a legal precedent against misinformation in the crypto industry.

Legal Win as Precedent

In his post, Sun further elaborated, “The fundamental reason this case took so long was the sheer volume of rumors spread about me. This verdict proves that all allegations against me were false.”

He highlighted how widely-spread misinformation can affect public perception. He stated that his daily efforts aim to challenge biases and encourage positive change in the industry.

This matter came into the spotlight recently after HTX pointed out alleged ties between Sun and former U.S. President Donald Trump in a cryptic post.

The post by HTX linked to a news article reporting on Trump’s potential involvement in a new crypto project.

Broader Impact for Crypto Industry

Sun in his post stated that this victory is more than just a personal win. “Today’s victory is not only about my reputation—it is a victory for justice, the rule of law, and the entire industry,” he stated.

The case underscores the ongoing challenges crypto entrepreneurs face in the media landscape, where false information can deeply impact reputations.

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