Tron(TRX) News: Justin Sun Featured on Forbes Cover, Highlighting His Role in Crypto Industry
| Download App for Android | Download App for iOS |
| Start Trading TRX on BTCC Today! <<<< | |
In a significant milestone for the cryptocurrency industry, Justin Sun, the founder of TRON and global advisor of HTX, has been featured on the cover of Forbes’ digital asset daily. This recognition places Sun among other prominent crypto exchange moguls and underscores his growing influence in the field.
Why Forbes Put Justin Sun on the Cover: The Rise of China’s Crypto Power Broker
In March 2025, Forbes put Justin Sun, founder of TRON and global advisor of HTX, on its digital asset daily cover with the headline ’Meet The Crypto Billionaire Who helped the Trumps Make $400 Million.’ This marks the second time a Chinese entrepreneur has appeared on the Forbes U.S. cover, placing Sun among crypto exchange moguls like CZ (Binance), SBF (FTX), and Brian Armstrong (Coinbase). Sun’s appearance signals that China’s new breed of entrepreneurs is defining the rules of the game in Web3.
Justin Sun Calls for Reform of Hong Kong’s Trust Laws After TUSD Misappropriation Allegations
In Hong Kong, Justin Sun, the founder of the TRON blockchain, held a press conference addressing allegations of fund misappropriation involving Techteryx’s TrueUSD reserves. Sun claimed that TrueUSD’s reserves were misappropriated by a few bad actors, leading him to bail out the stablecoin. He pointed to loopholes and loose rules in Hong Kong’s regulatory framework surrounding trusts as the cause of the alleged misappropriation, stating that it poses a serious challenge to the integrity of the financial system. No mention of specific cryptocurrencies or exchanges was made in the context of this news.
Justin Sun Accuses First Digital Trust (FDT) of Being Insolvent
Justin Sun, the founder of TRON, has accused First Digital Trust (FDT), the issuer of FDUSD, of being insolvent and unable to back up its token. Sun is appealing to FDT holders to withdraw their funds immediately, citing significant loopholes in the trust licensing process in Hong Kong and internal risk management issues. Sun has requested that Hong Kong law enforcement intervene to prevent further losses.
