Court Rules in Favor of Justin Sun in Defamation Case

In an important decision, the Beijing Internet Court has ruled in favor of Justin Sun, the founder of the Tron blockchain, in his defamation case against Beijing SINA Internet Information Service. This case has been a source of conflict for some time. According to reports, it is focused on content posted by SINA that Sun claimed was harmful and damaging to his reputation.

Justin Sun To Get Apology From SINA

According to the filing, the court decided that SINA must remove all harmful content linked to the case. 

The court also ordered SINA to publish a public apology to Sun for 72 hours on their platform, admitting the damage caused by the false statements. This ruling shows how important it is to protect people’s reputations in the growing online world, especially for well-known figures in tech and cryptocurrency.

Additionally, the court ordered SINA to pay Sun 20,000 RMB for emotional distress, with extra fees related to the case. This brought SINA’s total financial fee to over 30,000 RMB. As online platforms increasingly influence public opinion, the Beijing Internet Court’s ruling highlights the importance of accountability in the digital space.

China Takes Stance Against Blockchain Cybercrimes

Meanwhile, China’s highest prosecutorial authority, the Supreme People’s Procuratorate (SPP), announced measures to address the escalating cybercrimes. The SPP’s action comes in response to a surge in online fraud, cyber violence, and personal information infringement.

The SPP report outlined eight instances where prosecutorial bodies enforced laws to combat cybercrimes and advocated for comprehensive cyberspace management. This move comes as blockchain cybercrimes have increased significantly, with criminals leveraging cryptocurrencies to launder money, posing challenges to authorities.

As such, Zhang Xiaojin, director of the Fourth Procuratorate of the SPP, cautioned citizens and digital space participants about investment scams prevalent in the local crypto economy.

China’s Crackdown on Digital Assets

China’s strict enforcement against digital asset-related offenses contrasts with Hong Kong’s adoption of crypto-friendly regulations designed to standardize the digital asset ecosystem. 

The People’s Bank of China (PBoC) addressed cryptocurrency regulation and decentralized finance (DeFi) in its financial stability report. The report also emphasized the importance of global regulatory coordination in overseeing the industry.

In 2021, the PBoC announced stringent measures, including a ban on virtually all crypto transactions and mining activities. The measures helped curb crypto adoption in mainland China despite remaining a significant crypto-mining hub.