- Justin Sun wins a defamation lawsuit against Sina after six years of legal battle.
- Beijing Internet Court ruled that Sina’s allegations of insider trading were defamatory.
- Sina issues a public apology and pays RMB 31,338 in compensation.
Tron founder Justin Sun has scored a legal victory in a major 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.
Sina Apologizes, Pays Damages
After the court’s verdict, Sina issued a public apology on February 7, 2025. They also formally decided against an appeal on February 26, 2025. The media giant has since paid Sun RMB 31,338 in damages, concluding the six-year legal dispute.
Sun, the founder of Tron, welcomed the outcome. He pointed out that this ruling establishes a legal precedent against misinformation in the crypto industry.
Legal Win as Precedent
In his post, Sun stated, “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 further highlighted how widespread misinformation can affect public perception. He added that his daily efforts aim to challenge biases and encourage positive change in the industry.
Related: HTX Hints at Justin Sun & Trump Crypto Ties in Cryptic Post
In the English translation, he stated, ” My daily work is to change these prejudices, change our industry, and change the world to make it beautiful and kind to everyone. Today’s victory is not only a victory for my personal reputation but also a victory for the rule of law, justice, and the industry!”
Sina Admits False Claims
In the defamatory article, Sina reported that the FBI and IRS had launched investigations against Sun. These claims circulated widely, generating controversy regarding his business dealings. By choosing not to appeal the latest court ruling, Sina has essentially accepted the judgment. They published an apology on its platform and compensated Sun as ordered by the court.
Related: TRON Memecoin Revival? SunPump Sees Surge in Token Activity
Broader Implications for Crypto Industry
Sun in his post termed the victory as more than just a personal win. “Today’s victory is not just about my reputation—it is a victory for justice, the rule of law, and the entire industry,”* he stated.
The case highlights the ongoing challenges crypto entrepreneurs face in the media landscape, where misinformation can significantly impact reputations.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
