RATE Group | How bitcoin entrepreneur lost his $4.6M lunch with Warren Buffett
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How bitcoin entrepreneur lost his $4.6M lunch with Warren Buffett

25 Jul How bitcoin entrepreneur lost his $4.6M lunch with Warren Buffett

Posted at 22:42h in Bitcoin News by

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A Chinese bitcoin entrepreneur with ties to Jack Ma issued a long, groveling apology on Thursday for “excessive self-promotion” after he bragged about a planned lunch with Warren Buffett.

Justin Sun, the 29-year-old founder of a cryptocurrency startup who is also CEO of music-and-movies pirating Web site BitTorrent, won a May 31 charity auction by bidding a record $4.6 million to have lunch with the Oracle of Omaha this week.

The lunch had been slated for Thursday at Smith & Wollensky’s steakhouse in Midtown Manhattan.

But it got canceled after Sun made a bizarre series of posts about health concerns, claiming on Tuesday that he was suffering from kidney stones, only to say he was feeling better the next day.

Around that same time, executives from Sun’s cryptocurrency company, Tron, were detained by Chinese authorities until Sun agreed to postpone the meeting, according to Bloomberg.

Sun had been tweeting in recent weeks about inviting other bitcoin enthusiasts to…

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