Liberland Delays TRON Blockchain Bridge for Second Time Citing Unnamed “Reasons”

Liberland Postpones TRON Bridge Again Amid Justin Sun's Dual Role and Legal Challenges

  • Liberland has delayed its Tron blockchain bridge for the second time, offering vague explanations.
  • The bridge represents a potential conflict of interest as Justin Sun serves as both Liberland’s prime minister and TRON’s founder.
  • Sun faces ongoing legal issues with the SEC while maintaining connections to Trump’s administration.

The self-proclaimed micronation of Liberland has postponed the launch of its bridge to the TRON blockchain for the second consecutive time, delaying the transfer capabilities for its native LLD token. The latest postponement was announced on Monday with the vague explanation of "for reasons," following an earlier delay that had been attributed to developer concerns.

- Advertisement -

Liberland’s official X account attempted to make light of the situation, stating, "For reasons, the TRON bridge will be delayed for a few more days😭. Hey, what did you expect? We are the most efficient government of a country, but still a government, so our project delays are measured in days instead of years."

The initial delay occurred last Friday when Liberland explained that developers were wary about launching on that particular day, joking that the "move fast and break things" philosophy was "no longer in fashion."

This bridge implementation raises questions about potential conflicts of interest since Justin Sun, the founder of TRON blockchain, also serves as Liberland’s twice-elected prime minister. The 7 square kilometer territory, situated in a disputed area between Serbia and Croatia, appears to have limited governance structure in place, with its website indicating that laws are still being drafted.

Sun has positioned himself as critical to Liberland’s international standing, previously claiming he would meet with close allies of Donald Trump during the January presidential inauguration. However, reporting by Protos suggests Sun likely never attended the event, and it remains unclear whether he has ever actually visited Liberland’s physical territory.

The TRON founder’s hesitancy to visit the United States may be connected to his ongoing legal troubles. In 2023, the Securities and Exchange Commission (SEC) charged Sun with fraud and wash trading. Recent developments show that Sun’s legal team and the SEC have agreed to pause proceedings while exploring "a potential resolution."

Despite these challenges, Sun has maintained connections to Trump’s sphere of influence, directly purchasing $75 million in cryptocurrency tokens from Trump’s World Liberty Financial following the November election.

- Advertisement -

When contacted about the bridge delays, Liberland’s press office had not responded at the time of publication.

AI: Chat content has been flagged. Learn more: https://hf.co/usage-guidelines

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Maine Attorney General Recovers Thousands in Crypto Scam Case

The Maine Attorney General's Office has recovered thousands of dollars for a victim of...

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

Must Read

TOP 12 Day Trading Crypto Books For Beginners

Day trading cryptocurrencies has become an increasingly popular financial activity, offering the potential for huge returns to those who understand the market's complexities and...