Cryptocurrencies

Tron CEO Sun to Give Away Two Teslas After Bungling Promotion

  • Two winners chosen after first pick is botched and canceled
  • Do-over conducted for sake of ‘transparency,’ founder says
Justin SunPhotographer: Peiwo
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Justin Sun, the founder of one of the largest digital tokens, is awarding two Teslas instead of one after a mishandled promotional giveaway caused an uproar in the online cryptosphere.

Sun, who built Tron into the 11th-largest cryptocurrency, announced an online Tesla giveaway earlier this month and chose a winner this week. But the offer was soon rescinded -- despite an initial congratulatory tweet by Sun -- and the crypto chief decided to pick a new winner.