What should really get the goat of the HIVE community is the following story from China. Justin Sun was apparently granted $2.4 million (~17 million yuan) in PPP loans for the Tron Foundation that they will not be required to pay back.
So not only has the Fed jumped the shark but now the Fed-funded PPP program is being used to syphon money not to small business owners in America but to foreign cryptocurrency projects based in San Francisco trying to escape the regulation of their own country. Why not choose Seychelles like a good self-respecting crypto billionaire, Justin? Nawmean!?
Not only that, but Tron appears to be bragging about it in the following WeChat post:
The translation goes something like this:
TRON's Justin Sun Won the Support of the US Government, 17 Million Yuan of Assistance Has Now Arrived
According to media reports, Justin Sun's TRON's team in the United States received 17 million yuan of support from the US PPP. According to people familiar with the matter, the payment is US government cash assistance for local enterprises under the coronavirus pandemic situation. If the funds are used as required, there is no need to repay...
So, ugh, there's that...
