The Wave Field Community Scam and Our Response
Early on July 8, 2019, Beijing time, a number of people attempted to enter the office of Beijing research and development center of Raybo technology, a partner of TRON in mainland China. Pictures and video circulating on the internet show scenes of the incident and the police response that removed them and secured the office.
Below is the TRON official statement:
After communicating with the protesters, employees at Raybo learned that at least some of the people were deceived by the so-called “Wave Field Super Community” scheme that traded on its similarity to the Chinese-language version of TRON’s name to defraud investors. The victims had been promised high rates of return on their investments in the name of TRON, BitTorrent and uTorrent.
TRON officials expressed their sympathy and understanding for those who had been deceived, however, the company strongly condemns acts of violence that may be perpetrated as a result of events that are not in its direct control. TRON has on multiple occasions warned investors of potential pyramid schemes or illegal activities that attempt to defraud investors under the guise of fast riches using blockchain technology.
In regards to reports of TRON’s inaction specifically regarding the Wave Field Super Community scam, in January after learning of the Wave Field Super Community and that it had been attracting investors in the name of TRON, TRON warned investors on its WeChat messaging group, Wei Bo official channels — Wei Bo and Dou Yin, etc. — to beware of potentially fraudulent schemes. The company posts similar warnings in its English-language territories and has a Community team that operates across the globe to answer investor questions and listen to problems. The company on multiple occasions has stated it reserves the right to pursue legal remedies against those that seek to infringe on the company’s name to sow confusion in the public marketplace.
After first hearing of Wave Field Super Community, officers of Raybo technology, a partner of TRON in mainland China, communicated with that company, seeking a cease and desist from acting in TRON’s name. The company also reported the company to the public security organs. Ruibo is working with police to bring the criminals to justice and continues to work internally to safeguard the rights and interests of investors.
July 8, 2019
Tron offices in China have been raided by the police according to a video which has appeared on social media.
At the time of writing it is unclear as to why this is happening and we have reached out to the Tron Foundation for comment but as yet have received no reply.
Social media is as expected reacting to this news, and one Twitter user from China was able to confirm that the footage is real and the raid was ongoing.
We would like to point out at this stage that we cannot suggest any reason or even speculate as to what is happening, and we will update this article as and when more news becomes available.
I`m Chinese, i can confirm its true.but the reason is not clear now
— 大宝天天见 (@w_ayyyyyy_) July 8, 2019