After bidding a record $4.57 million for lunch with Warren Buffet, Justin Sun – the founder of Tron Foundation announced on Tuesday on his Weibo social media platform that he had to cancel the charity lunch, which was originally set for Thursday in San Francisco. Justin has been a well-known entrepreneur in China’s cryptocurrency community, after graduating from the University of Pennsylvania, he returned to China and served as chief representative and advisor of Ripple Labs.
Sources mentioned that Justin Sun was on the border control list by the Chinese government that can restrict him from travelling abroad due to alleged illegal fundraising, money laundering, gambling and involvement in pornography according to Caixin. An investigation has been launched regarding the allegations by the public security department.
According to Tron Foundation’s Twitter, it was only mentioned that Justin Sun and Warren Buffet had “agreed to reschedule at a later date,” due to the fact that Justin Sun has been ill with kidney stones.
On a live video broadcast on Justin Sun’s Twitter, he shows the Bay Bridge in the background, which meant he appeared to be in San Francisco.