By Solomon Odunayo
Tron (TRX) platform, founded by Justin Sun, has received United States Government aid of over $2 million in coronavirus relief, a post on the Chinese WeChat relayed the new development.
According to the report, the grant was for salary protection, made available to United States companies affected by the coronavirus pandemic.
Going by the post shared on 5th May 2020, another notable benefit of the grant is that it does need to be repaid.
Details of the Over $2 Million Received By Justin Sun’s Tron (TRX)
The post was shared and translated by Matthew Graham, the chief executive of Beijing-based blockchain investment firm, Sino Global Capital.
According to Graham, the people of China would have misinterpreted the award of the grant as an endorsement of Tron (TRX) from the United States government.
Matthew Graham shared this, “If you are wondering why Justin would want this publicized in China, many people will misinterpret this as some kind of implicit endorsement of Tron from the United States government. From standpoint of completely unethical grifter, a savvy move.”
If you are wondering why Justin would want this publicized in China, many people will misinterpret this as some kind of implicit endorsement of Tron from the United States government. From standpoint of completely unethical grifter, a savvy move. https://t.co/zIIc3i2B70
— Matthew Graham (@mattysino) May 6, 2020
The Reactions of the Crypto Community Members to the Grant Won By Justin Sun
The news was expectedly greeted with discontentment, as some questioned how Justin Sun’s Tron (TRX) had won the grant.
The fact that many US businesses encountered roadblocks in the struggle to get federal assistance made it more outrageous.
One of the commenters said, “If this is true and he got that money he needs to give it back. Now. Right fucking now.”
If this is true and he got that money he needs to give it back. Now. Right fucking now.
— MasterClass Millionaires (@MasterClassMill) May 6, 2020
Another Twitter user said “I don’t see the ground for that. Would be the US operations (who have few dozens employees at best), don’t see any justifications.”
I don't see the ground for that. Would be the US operations (who have few dozens employees at best), don't see any justifications.
— Alexandre Dreyfus (@alex_dreyfus) May 6, 2020
Meanwhile, the United States Federal Reserve has been accused of propping up companies it had once warned banks not to touch.
However, at the time of filing this report, neither Justin Sun nor the Tron Foundation has reacted to this latest development.
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