The founder of Tron cryptocurrency, Justin Sun has issued an unreserved apology over the postponement of his widely-publicized lunch with billionaire investor, Warren Buffet.
In a statement he shared on Weibo, the Chinese version of Twitter, Sun “sincerely apologizes to the public, media, officials and regulatory authorities” for over-marketing the lunch.
It would be recalled that Sun’s charity, Tron Foundation has announced the postponement of the launch which raised about $40 million in charity funds after Sun was diagnosed with kidney stones.
In his apology, Sun said: “My intention of having the lunch with Buffett was because of my admiration for him and my enthusiasm for charity. It was simple, but also with self-interest to promote the blockchain industry and my project. But my immature, naive, and impulsive conducts with my big mouth have turned it into an out-of-control and failed over-marketing hype and led to a significant series of unexpected consequences,”
“During the whole process, I went from being excited, to worried, agonized and then terrified and regretful. … It led to a negative influence on the public and also drew concerns from regulators who care about me. Again I want to say: I am sorry,” he said.
Going forward, Sun said: “I will take some rest, reduce my publicity on Weibo and media interviews. All the efforts spent on publicity stunt need to go back to technology development.”
However, Sun did not mention the regulators he mentioned in his apology.