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The SEC just charged Justin Sun, the crypto CEO who bid $4.6 million on lunch with Warren Buffett, with fraud. Here's everything you need to know about him.

The SEC just charged Justin Sun, the crypto CEO who bid $4.6 million on lunch with Warren Buffett, with fraud. Here's everything you need to know about him.
  • Justin Sun, who branded himself as a "crypto whiz kid," was charged by the SEC with fraud and other securities violations.

  • The CEO of Tron and BitTorrent first gained attention after winning a $4.6 million charity lunch with Warren Buffett.

  • Here's what you need to know about the 32-year-old crypto entrepreneur.

Sun grew up in a rural province of China.

Justin Sun
Tron CEO Justin SunReuters

According to reporting from The Verge, Sun left home at a young age to study the strategy game Go in Wuhan. The Verge, citing a former employee of Sun's, said he described his mother as a "tiger mom" and his father as a "penny-pincher."

Sun attended a business school founded by Alibaba executive chairman Jack Ma.

JustinSun5
Sun with Alibaba's Jack Ma.Instagram/Justin Sun

Sun's oldest photo on Instagram shows him receiving a certificate from Ma. "Inspired by the best to shape the future for the better," the caption reads.

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Sun was the youngest member of the inaugural class at Hupan University, a Chinese business school founded by Ma in 2015, according to the South China Morning Post. Ma recruited 30 students who he believed could revolutionize the Chinese business world. Sun wrote his thesis on the blockchain industry, titled "The Birth of a Decentralized Internet," SCMP said. He graduated from Hupan in 2018.

Sun attended a prestigious Ivy League school for graduate studies.

university of pennsylvania
f11photo/Shutterstock

Sun graduated from Peking University with a bachelor's degree in history in 2011, according to his LinkedIn page. Peking is China's second-best university, according to Times Higher Education's World University Rankings. Two years later, Sun earned a master's degree in political economy from the University of Pennsylvania, one of eight prestigious US colleges that make up the Ivy League.

 

He began his career at a San Francisco-based crypto company.

Justin Sun attends Consensus 2019
Justin Sun attends Consensus 2019Steven Ferdman/Getty Images

Sun joined Ripple Labs as a chief representative and adviser in Greater China at the end of 2013, according to an older version of his LinkedIn page. He worked at the cryptocurrency startup — which has received backing from Google Ventures, Andreessen Horowitz, and other blue-chip investors — for just over two years.

Sun founded an app called Peiwo, which translates to "accompany me," that same year. The app aspired to become China's Snapchat and matched users by analyzing 10-second voice clips, according to Forbes. The app was ultimately kicked off both the Android and Apple app stores and banned from China for disrupting "socialist values," according to the Verge.

Justin Sun Yuchen, founder of Tron and CEO of BitTorrent, speaks during Ifeng Finance Summit at China World Summit Wing on November 4, 2015 in Beijing, China.
Justin Sun Yuchen, founder of Tron and CEO of BitTorrent, speaks during Ifeng Finance Summit at China World Summit Wing on November 4, 2015 in Beijing, China.Getty Images/Visual China Group

The app aspired to become China's Snapchat and matched users by analyzing 10-second voice clips, according to Forbes. The app was ultimately kicked off both the Android and Apple app stores and banned from China for disrupting "socialist values," according to the Verge.

In July 2017, he founded the blockchain company, Tron.

BitTorrent Data Belongs To You Billboard
BitTorrent billboard.BitTorrent

Tron is a blockchain company with its own cryptocurrency that is "dedicated to building the infrastructure for a truly decentralized Internet," his LinkedIn page states. Less than a year later, Tron acquired BitTorrent, a peer-to-peer file-sharing service, for around $126 million, according to TechCrunch. Sun currently serves as CEO of Peiwo, Tron, and BitTorrent, now known as Rainberry.

Sun has a powerful presence on social media.

Screengrab of Justin Sun's Twitter page.
Screengrab of Justin Sun's Twitter page.Twitter