FileCoin Founder Attacks Tron CEO Over Exit Scam Allegations

0

Last Updated on 1 November 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
View all posts

One of the only coins to be able to present a better weekly result than Bitcoin this week was Filecoin, which recently launched to great fanfare. However, just after launching around half October, the token saw a massive price drop and some in the cryptosphere accused founder Juan Benet of Exit Scamming (aka selling all his pre-mined coins at the highest possible price and thus dropping the Filecoin price).

Given that the whole Sushi debacle is still quite fresh, a very serious allegation of course.

One of the people to join into the accusation at the time was Justin Sun, CEO of Tron and BitTorrent. On 16 October he stated:

Exit scam here? 1.5 million $FIL for 200 USD each worth 300 million USD at the high. Now price is below 60 USD. 70% down. No lock-up. No announcement to the community. How much do you sell?

Advertentie.

SEC accusation

In the tweet, Justin also added the US Securities and Exchange Commission handler, asking them to look into the matter. Even if the allegation turns out to be untrue, it is always very dangerous for any crypto CEO to accuse another of exit scamming and copying the SEC of course.

In any case, the matter soon died down and Filecoin traded normally again.

Given that Filecoin has now known an upswing of 35% in the past week and is trading quite steadily in the $30 range, Benet thought it was time to get back at Justin.

He stated:

On this Justin Sun bullshit — these accusations are completely FALSE. Neither PL nor any team member sold FIL as he accuses. & the ridiculous magnitude of trade he claims we made is a monumental lie.

This is not the first time Justin has gotten into a tussle with another crypto CEO, and something tells us it won’t be the last either.