Poloniex and the deleted tweet related to TRON
Crypto

Poloniex and the deleted tweet related to TRON

By Alfredo de Candia - 2 Dec 2019

Chevron down

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

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.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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