Founders of Tron and Binance get their accounts removed from Weibo [UPDATED]

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The founder and CEO of Tron, Justin Sun, saw his account on social media platform Weibo shut down.

While the Chinese version of Twitter offered no explanation as to why his account and the account of Binance co-founder Yi He were removed, Sun assured the crypto community that he had a "Direct channel" to Weibo and that the issue will get resolved soon.

Weibo shut down the accounts of two prominent crypto figures-the founder and CEO of Tron, Justin Sun, and Yi He, one of the founders of crypto exchange Binance.

According to screengrabs from both of their profiles, the accounts have been blocked "Due to violations of laws and regulations, as well as the relevant provisions of the Weibo Community Convention."

No other major names in the Chinese crypto industry had their accounts blocks, with Binance CEO Changpeng Zhao, Huobi CEO Leon Li, and OKCoin founder Star Xu all remaining on the platform.

The outspoken founder of Tron quickly reacted to the news about his profile getting removed from Weibo.

In a reply to Wan, Sun assured his followers that this posed no danger to Tron or its native cryptocurrency TRX. He also added that the company has established a "Direct channel" to Weibo and is working on getting the issue resolved as soon as possible.

The news about Sun's removal from Weibo affected Tron's price.

Earlier in November, the official accounts of Binance and Tron were suspended on Weibo as China's financial watchdogs clamped down on companies involved in crypto trading.

Update: Sino Global Capital CEO Matthew Graham notified CryptoSlate that Binance co-founder Yi He's Weibo account access has been restored.

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