BitTorrent Founder Confirms Final Transfer of $ 140 Million Deal from Justin Sun BitTorrent founder Bram Cohen revealed that he has finally received the final $ 140 million from Tron CEO Justin Sun under the terms of a deal to sell the company.
BitTorrent Founder Confirms Final Transfer For $ 140 Million Deal From Justin Sun
BitTorrent founder Bram Cohen revealed that he finally received the final $ 140 million from Tron CEO Justin Sun terms of the agreement on the sale of the company.“After a lot of saber-rattling, I finally got most of the money, but no explanation as to why the amount was lowered,” Cohen wrote. "There was evidence that the escrow agent transferred the money, despite objections, but everyone stopped contacting me, as if they were going to be sued.".
Sun acquired BitTorrent for $ 120 million in 2018 year, the deal was later increased to $ 140 million. A year later, Cohen announced that Sun was not sending him the last part of the payment. Then he suggested that San might have problems with money..
"The escrow agent says they weren't given the go-ahead," he wrote, adding that Sun appears to be trying to recover funds from the escrow account..
"I fully understand that he wants his money, but now it does not depend on me in any way," Sun replied then..
Commenting on the recent large-scale investigation into Sun, Cohen wrote: "I can confirm that Justin Sun is exactly the bastard he is described in this article.".
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