Why Justin Sun Accused Filecoin of Fraud?

After the official announcement of the launch of the main network of the "Filecoin" project, a new attack appeared on the project by "Justin Sun", the founder of the "TRON" project, noting that the project "Filecoin" is a fraudulent project.

"Justin Sun" appeared with his statements and accusations through tweets on Twitter in which "Sun" asked about the "Filecoin" team and how it sold 1.5 million FIL cryptocurrencies at a high price of $ 200, which affected the price of the currency, which fell immediately after the launch.

In other words, the sale of 1.5 million FIL by Filecoin management took place without the consent of the project community.

Sun clarified his accusations by providing evidence pointing to the sale of 1.5 million FILs on October 15, the same date that the mainnet of the Filecoin project began.

The screen shot indicates that the founder of “Filecoin” immediately transferred 800,000 FIL to the Huobi trading platform.

According to The Sun, this was the main reason behind the drop in the price of the digital currency FIL.

Since launch, the FIL cryptocurrency has already retreated more than 50% from its high of $ 116.

In addition, the hype cryptocurrency seems to be under selling pressure at the moment.

The impact of the FIL digital currency: At the time of writing this article, the FIL digital coin is trading at $ 50.5 with a combined market value of $ 766M.

Tron CEO Sun asked investors to knock on the door of the Securities and Exchange Commission and hold the founder of Filecoin responsible for the mess he caused and how it affected the currency negatively.

Although Sun attached some screenshots claiming to be evidence of the sale, he did not explain how the $ 200 price came up.

The crypto community at the moment remains divided over Sun's comments.