{"id":30235,"date":"2020-10-17T11:06:30","date_gmt":"2020-10-17T08:06:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30235"},"modified":"2025-08-27T21:16:20","modified_gmt":"2025-08-27T18:16:20","slug":"justin-sun-accuses-filecoin-team-of-dumping-fil-token","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/justin-sun-accuses-filecoin-team-of-dumping-fil-token\/","title":{"rendered":"Justin Sun accuses Filecoin team of dumping FIL token"},"content":{"rendered":"<p>The Filecoin project team sent 1.5 million FIL to exchanges after <a href=\"https:\/\/u1f987.com\/en\/news\/filecoin-mainnet-goes-live\">the launch<\/a> of the mainnet, thereby driving down the token price and breaching their own vesting rules, Justin Sun, CEO of the Tron Foundation, said.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Exit scam here? 1.5 million <a href=\"https:\/\/twitter.com\/search?q=%24FIL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FIL<\/a> for 200 USD each worth 300 million USD at the high. Now price is below 60 USD. 70% down. No lock-up. No announcement to the community. How much do you sell? <a href=\"https:\/\/twitter.com\/juanbenet?ref_src=twsrc%5Etfw\">@juanbenet<\/a> <a href=\"https:\/\/twitter.com\/Filecoin?ref_src=twsrc%5Etfw\">@Filecoin<\/a> Is this ok? <a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a> <a href=\"https:\/\/twitter.com\/SEC_Enforcement?ref_src=twsrc%5Etfw\">@SEC_Enforcement<\/a> <a href=\"https:\/\/t.co\/qYqJzgolyX\">https:\/\/t.co\/qYqJzgolyX<\/a> <a href=\"https:\/\/t.co\/hGpMvDxSMO\">pic.twitter.com\/hGpMvDxSMO<\/a><\/p>\n<p>\u2014 Justin Sun\ud83c\udf1e (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1317062388181463040?ref_src=twsrc%5Etfw\">October 16, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>\u201cIs this an exit scam? 1.5 million FIL at $200 each, worth $300 million at the peak. Now the price is below $60. A 70% drop. No lock-up. No announcements to the community. How much are you selling?\u201d, Sun wrote.<\/p>\n<\/blockquote>\n<p>Following the launch of the Filecoin mainnet on Thursday, October 15, the token was listed on many major exchanges. On Kraken the price of FIL briefly touched $150, but at the time of writing had fallen below $45.<\/p>\n<div id=\"attachment_113608\" style=\"width: 1570px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-113608\" class=\"wp-image-113608 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-34.png\" alt=\"\u0414\u0436\u0430\u0441\u0442\u0438\u043d \u0421\u0430\u043d \u043e\u0431\u0432\u0438\u043d\u0438\u043b \u043a\u043e\u043c\u0430\u043d\u0434\u0443 Filecoin \u0432 \u0434\u0430\u043c\u043f\u0435 \u0442\u043e\u043a\u0435\u043d\u0430 FIL\" width=\"1560\" height=\"862\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-34.png 1560w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-34-300x166.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-34-1024x566.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-34-768x424.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-34-1536x849.png 1536w\" sizes=\"auto, (max-width: 1560px) 100vw, 1560px\" \/><\/p>\n<p id=\"caption-attachment-113608\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/chart\/DPBG8A1x\/\" target=\"_blank\" rel=\"noopener noreferrer\">TradingView<\/a>.<\/p>\n<\/div>\n<p>Users reacted to Sun\u2019s accusations against the Filecoin founders with mixed responses. They reminded him of the Tron (TRX) dump in 2018, when an unknown investor sold 300 million tokens \u2014 the price has not recovered since. Some suggested he was simply jealous of the project. The irony was amplified by his call for the SEC to intervene on behalf of Filecoin investors.<\/p>\n<p>Juan Benet, the CEO of Protocol Labs, called Sun\u2019s accusations a lie. He said the project team did not sell FIL.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">On this Justin Sun bullshit \u2014 these accusations are completely FALSE. Neither PL nor any team member sold FIL as he accuses. &#038; the ridiculous magnitude of trade he claims we made is a monumental lie. <a href=\"https:\/\/t.co\/c21EFjyINd\">https:\/\/t.co\/c21EFjyINd<\/a><\/p>\n<p>\u2014 Juan Benet (@juanbenet) <a href=\"https:\/\/twitter.com\/juanbenet\/status\/1318227937544450048?ref_src=twsrc%5Etfw\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Benet cited a Verge article and stated that the head of Tron \u201clied and cheated to get rich.\u201d He described the accusations against Protocol Labs as an attempt to \u201csteal the spotlight.\u201d<\/p>\n<blockquote>\n<p>\u201cI suspect that Justin plans to fork Filecoin as well, and hopes to trump up a reason,\u201d \u2014 Benet said.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">(6) My guess is that Justin plans to fork Filecoin as well, and hopes to trump up a reason.<\/p>\n<p>Sorry Justin, you\u2019re nobody\u2019s saviour. Just ask Hive. <a href=\"https:\/\/t.co\/bMoMt9aM6P\">https:\/\/t.co\/bMoMt9aM6P<\/a><\/p>\n<p>\u2014 Juan Benet (@juanbenet) <a href=\"https:\/\/twitter.com\/juanbenet\/status\/1318228813780721664?ref_src=twsrc%5Etfw\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/p>\n<p>Earlier, in a recent Sun investigation, <a href=\"https:\/\/u1f987.com\/en\/news\/investigation-justin-sun-targets-decentralisation-through-brothel-marketing\">were accused<\/a> that the basis of his business is not technology, but marketing, which should operate like a \u201cbrothel.\u201d Bram Cohen <a href=\"https:\/\/u1f987.com\/en\/news\/bittorrent-founder-justin-sun-is-exactly-the-sort-of-scoundrel-the-media-say-he-is\">confirmed<\/a> that the head of Tron is \u201cthe very sort of scoundrel as described by the article.\u201d<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 all the news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Filecoin project team sent 1.5 million FIL to exchanges after the mainnet launch, thereby driving down the token price and breaching their own vesting rules, Justin Sun, CEO of the Tron Foundation, said.<\/p>\n","protected":false},"author":1,"featured_media":30236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1488,1302],"class_list":["post-30235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-filecoin-fil","tag-justin-sun"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30235"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30235\/revisions"}],"predecessor-version":[{"id":30237,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30235\/revisions\/30237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30236"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}