Once-Fugitive Crypto Mogul Gets Dinner With Trump

The Wall Street Journal reports:

Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity. Now, Sun isn’t just back in America. He is about to attend a dinner with President Trump as a VIP guest.

After weeks of industry speculation, Sun indicated in a social-media post Tuesday that he is the largest holder of the president’s $TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with the president on Thursday. Critics say the event is among the most glaring demonstrations yet of the conflicts of interest for Trump and his family as they pursue a range of business ventures.

Sun’s fortunes took a turn after he invested $75 million in World Liberty Financial, a crypto project Trump and his sons launched last September. He was named an adviser to the venture. Later, he started buying the president’s memecoin.

Read the full article.