**Disclaimer:** This looks like financial advice, doesn’t it? If you put your head down and think, you may be convinced that this indeed is financial advice. If you close your eyes, it may seem logical to do what is in the article.
Even then - Do Your Own Research! This is not financial advice! 😊
Okay, the Summary First | TLDR | Drug Cartels
No, this one is not from South America or the mafias around the world. This news is about the drug cartels in China, having alleged association with the CCP. And their money of choice? Crypto and that too, Tron.
An X user going by the name @boringsleuth has come to the limelight with his claim of uncovering evidence of Tron being used by drug cartels to run the show.
Here is the tweet (or is it xeet?):
**Source:** newbtc(dot)com
So far so good. But what has shaken the cryptoverse is the naming of Ethereum as also one of the cryptos backed by the CCP. According to @boringsleuth, CCP is allegedly supporting ETH and other blockchains and controlling a few DEXs and CEXs.
While at the moment the user signs off saying Ethereum has strong connections with the CCP and that he/she will be back with more evidence, it has left the crypto users in a tizzy. His evidence to even stake claim to an alleged connection is a single address owned by the CCP receiving 133,700 ether on a single genesis block.
Such is the furor over the ETH claims that no one is talking about Justin Sun or TRON.
Now Everything Other Than TLDR | TRON the Ponzi | Could ETH also be?
The X user @boringsleuth has made a name for himself/herself in the cryptoverse with the alleged unmasking of Tron, a cryptocurrency, as a potential Ponzi scheme used to fund the drug cartels operating out of China. While Justin Sun is at the helm of affairs on Tron, it is not Tron or Justin that is in the limelight.
It is the reference of Ethereum and the founders having proximity to the authorities in China, which has the cryptoverse divided. A well-respected and number 2 coin by market cap to be caught in this web is the real deal. While @boringsleuth did give reference to one of the transactions to a wallet owned by the high and mighty in China, he has vowed to come back with more evidence.
Personally, this is one piece of news I wouldn’t mind being wrong; especially, in this bear market.
**News Courtesy:** Newsbtc(dot)com
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