Chain vs. Justin Sun: The Crypto Showdown You Didn’t Know You Needed!

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So, here we are, folks! The blockchain drama of the century is unfolding, and it’s juicier than a reality TV show! 🍿

Chain, the blockchain protocol that’s got more backing than a Kardashian, is thinking about taking legal action against TRON’s very own Justin Sun. Why, you ask? Because he’s pointing fingers and accusing them of market manipulation. Oh, the irony! 🙄

With over $40 million in their corner from investors like Pantera Capital and Citigroup, Chain is not just some random kid on the playground. They’re ready to throw down in the legal ring after Sun’s spicy allegations. 🔥

XCN @chain is currently engaging in significant market manipulation. They are using high leverage and contract that could cause serious harm to many exchange users. I recommend that major exchanges pay close attention to this risk. We will report their illegal activities to the…

— H.E. Justin Sun 🍌 (@justinsuntron) January 24, 2025

Now, Justin didn’t exactly drop a detailed exposé on what this “manipulation” entails. Instead, he just threw out some vague warnings like a parent telling their kid not to eat too much candy. He’s all, “Hey, exchanges! Watch out! I’m telling the SEC and DOJ!” Because nothing says “trust me” like a Twitter rant. 😏

“Not Us!”

Chain wasn’t about to take this lying down. They quickly shot back, saying, “We’re not even trading XCN, let alone manipulating the market!” It’s like they’re saying, “We’re innocent! We swear on our crypto wallets!” 💼

The Chain team is not actively engaged in ANY trading of XCN, nor involved in ANY market manipulation directly or indirectly. We take these allegations extremely seriously and are exploring legal remedies against @JustinSun. XCN is managed by @OnyxDAO and not by @Chain.

— Chain (@Chain) January 24, 2025

But wait, there’s more! Just when you thought it was over, Sun fired back with another post, tagging OnyxDAO and calling for the SEC and DOJ to jump in. This all comes right after the XCN token decided to go on a wild ride, skyrocketing 149% in a day. Talk about a rollercoaster! 🎢

Chain, founded in 2014, has raised a whopping $40 million from big names like Khosla Ventures and Visa. They’ve had more twists and turns than a soap opera plot, including being acquired by Stellar and then re-acquired. It’s like the crypto version of “Will they or won’t they?”

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2025-01-24 18:30