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Former Grenada ambassador Justin Sun is entering a world of pain

Justin Sun is no longer an ambassador or ‘His Excellency.’ Options are running out as problems pile high for the Tron founder.

Another hard week for the crypto industry — particularly Justin Sun

Sun’s problems have snowballed since the collapse of FTX and the unmasking of Sam Bankman-Fried as a giant fraud.

The SEC claims that Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry Inc. engaged in a scheme involving wash trading.

Rumors on Twitter claim Grenada is revoking His Excellency Justin Sun’s ambassadorship and title — we reached out to uncover the truth.

Sun’s TUSD has seen its market cap go from $750M to nearly $1.2B despite it not being able to get regular attestations from its auditor.