Justin Sun Loses Diplomatic Immunity in Grenada
• Justin Sun, the founder of Tron, reportedly lost his diplomatic status in Grenada last year.
• Reports suggest that he lost his position after the June 23 elections and that he had close relations with the former administration.
• His loss of diplomatic status and immunity could have significant legal consequences for his SEC lawsuit.
Background of Justin Sun’s Ambassadorship
Justin Sun was appointed as Ambassador of Granada to the World Trade Organization (WTO) in 2022 and this position came with certain privileges such as immunity from criminal prosecution worldwide. Local reports from Grenada suggest that Sun lost his immunity after the June 23 elections due to his close relations with the former administration. The previous administration expected Sun to promote trade, investment and development in the small Caribbean nation. Justin Sun denied these reports by providing screenshots of the WTO’s official website which still listed him as Granada’s ambassador to the WTO.
Legal Trouble For Justin Sun
On Mar 22, 2023 US authorities charged Justin Sun with securities fraud together with eight celebrities who promoted his tokens. This news has generated a lot of speculation about his legal troubles which could affect not only him but also impact on crypto market especially in Asia since he controls Tron ecosystem and major crypto exchange Huobi.
Implications Of Loss Of Immnunity
The loss of diplomatic status and immunity could have significant legal consequences for Justin Sun’s SEC lawsuit as it renders him vulnerable to criminal prosecution worldwide. This news further reinforces concerns about corruption surrounding how he obtained his ambassadorial position in Grenada initially.
Conclusion
Justin Sun has been embroiled in multiple controversies over recent years and now faces legal trouble both domestically and internationally due to allegations of securities fraud brought against him by US authorities alongside 8 celebrities who promoted his tokens. These events highlight potential issues regarding corruption surrounding how he obtained an ambassadorial role in Grenada initially while also demonstrating how lack of diplomatic protection could have serious implications for those facing criminal prosecution outside their own country