The contributors of the Wave Field Super (WFS) Community, a Chinese investment group that's associated with the TRON crypto project, can lose up to 200 million yuan (approximately $29 million) as a result of fraud. Today, on the 5th of July, the police came to the TRON office.
Investors criticize the project’s CEO Justin Sun, because he ignored the alleged scammers, hiding behind the famous blockchain project, until the time he raised the funds. It was reported by the Nuclear Finance Chinese news edition on the 4th of July.
According to the report, the TRON project and the TRX token are known in China as Wave Field, that's why the scheme promoters collected money from depositors, entrusting TRON.
Investors think, Sun had to respond to this situation. The project itself, in their opinion, would have benefited from the trading volume growth and the increasing interest in the TRX token, because the WFS was able to attract funds only in the native network.
Affected investors appealed to the CEO of TRON with a request to deny the participation in an alleged financial pyramid.
On the 5th of July, Sun warned TRON users of the fraud Ponzi scheme existence (that use the project's brand to steal funds) on his Twitter account.
We remind you that Lucien Chen, a former TRON CTO, left his position, accusing Sana of centralizing power and distorting the original vision.
Today, on the 8th of July, Twitter users reported that law enforcement officers visited the TRON office. Obviously, the situation becomes more serious.