Home News Alt Coins Former BitTorrent Founder Lashes Out at Justin Sun for ‘Holding Up Last...

Former BitTorrent Founder Lashes Out at Justin Sun for ‘Holding Up Last Payment’

July 26, 2019 11:55
Logos of BitTorrent and Tron
Share with your friends

Looks like the honeymoon period between Bittorrent and Tron is over. In a tweet, which could potentially be grounds for defamation, the former founder of Bittorrent, Bram Cohen said, “Anybody know if Justin Sun is hard up for cash? He isn’t letting the last payment for BitTorrent get out of escrow.”

Nearly a year back, Tron acquired Bittorrent which led to Cohen leaving the company he founded. At the time Cohen had said he was no longer involved with the company and has no official position further adding that he had no involvement with Tron. The blog also suggested that he left because he was not very excited about the ownership change.

Tron had acquired BitTorrent after 10 months long negotiation process and through its purchase, Tron had wanted to leverage its extensive userbase i.e around 100 million users per month.

At the time, Sun had said, “By integrating the TRON network into BitTorrent, we aim to improve on the currently existing altruism. At this point, there are no incentives for peers who have completed downloading to continue to seed. We intend to extend rewards to peers who seed torrents, infusing more resources into the torrent ecosystem.”

A representative of Tron, Roxy Liu responded to Cohen saying, “FYI the money in escrow is not considered Justin’s cash. Justin has signed release agreement. Buyer/seller lawyers will follow up and settle. PM @justinsuntron if you’d like to discuss. Happy to work on more deals in the future.”

Not backing down Cohen asked, “Are you claiming you aren’t trying to get any of the cash back? And do you have an explanation for not signing off on it two months ago when it was scheduled to happen?”

While this exchange would be best, if it was taken offline, it does raise a question: How on earth did Justin Sun manage to pay for that exorbitant meal with Warren Buffett?

Liked what you read? Join us on Telegram

A blockchain enthusiast, a wannabe-crypto investor and an all-around enthusiast! Loves travelling, especially to ASI-protected areas, believes in giving her best shot at everything she does! Definitely an introvert.


Please enter your comment!
Please enter your name here