Chaos at crypto company Tron’s office – police and angry people at the scene

Monday, the office in Beijing where the company Tron, who makes the cryptocurrency with the same name and also owns Bittorrent, is located was filled with both police and angry people, Cointelegraph reports.

Police raids at #Tron offices in Beijing? Additionally, there's many angry people gathered there who are saying things like "Tron is a scam". $trx #trx @justinsuntron pic.twitter.com/qFykQErQu6

— Hayden Otto (@haydenotto_) July 8, 2019

Crypto scheme used the same name

The reason for the chaotic scenes, according to information from the tweeter Crypto Authority, is a big misunderstanding.

A Chinese Ponzi scheme has allegedly stolen almost $30 million from its investors during the weekend.

The fraud reportedly had a name that was very similar to the one Tron uses in the Chinese market, and this led to the angry protests at the crypto company’s office, Cointelegraph reports.

Tron’s CEO Justin Sun calls for calm, and says the whole event is “fake news”.

– All is well. Stop spreading fake news and pictures, he writes on Twitter.

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