Yesterday, for just under 30 minutes, a tweet by Poloniex went online, clearly recommending to buy TRON (TRX). The tweet was deleted a few minutes later, but that was not enough to escape the network.
Poloniex deleted after 28 minutes pic.twitter.com/OJrsspkqmU
— Crypto_Deleted_Tweets (@CryptoDeleted) December 1, 2019
The relationship between Poloniex and TRON
As is well known, the history of the Poloniex exchange is not one of the most successful, considering that it has changed owners repeatedly and has been resold several times to finally end with the latest acquisition by Justin Sun, CEO of TRON, who affirmed that he had helped friends in trouble. A couple of months ago, Poloniex also suffered a loss of 1800 bitcoins (BTC).
But why was the tweet inviting people to buy TRON removed swiftly?
The elimination of the Twitter post comes from several factors that are related all, to some extent, to incitement to public savings: no one who is not qualified can invite someone or recommend the purchase and investment in a particular asset.
The other aspect to keep in mind is the fact that Poloniex is very close to TRON and therefore would get a significant advantage by promoting this asset.
Moreover, this could be to the detriment of other cryptocurrencies.
Finally, there is the crime of insider trading, which occurs when the person who invites or indicates the purchase or sale of a certain asset has insider knowledge since it is in contact with first-hand sensitive information, which a normal user would not have.
Another acquisition for TRON?
Just yesterday, about 30 minutes before Poloniex’s tweet, Justin Sun announced in another tweet that there would soon be important news about a new acquisition in BTT and TRON.
One more announcement! Stay tuned for new acquisition in $BTT & $TRX ecosystem! #TRON #BitTorrent @BitTorrent
— Justin Sun (@justinsuntron) December 1, 2019