Controversial Chinese crypto entrepreneur Justin Sun surprised everyone on Tuesday by postponing his $4.56 million charity lunch with Warren Buffett. Now Sun is apologizing for his own conduct.
In a post on Wednesday on the social media network Weibo, Sun writes that his bid for the Buffett lunch originated from his admiration of Buffett, his love of charity, and his desire to promote the blockchain industry.
But Sun now says his own “selfishness” and “immature words and deeds” detracted from the effort.
Sun also writes that his “mouth” got in the way of his good intentions. He refers to his own efforts as “failed over-marketing, which has generated a lot of consequences that I completely did not expect.”
Sun concludes that he will be “closing the door” for a period of time, posting less on social media and reducing press interviews to focus on blockchain technology.
Sun’s spokesperson still says the lunch with Buffett is postponed, not canceled.
A spokesperson for Warren Buffett tells Yahoo Finance that Buffett “is not commenting on anything in respect to Justin Sun.”
Glide Foundation, the charity behind the Buffett lunch, tweeted on Tuesday that it has received the full donation from Sun.Chinese cryptocurrency entrepreneur Justin Sun speaks at a financial forum in Beijing, China November 4, 2015. Picture taken November 4, 2015. REUTERS/StringerMore Will Sun’s lunch with Buffett ever happen?
In an interview with Yahoo Finance in June, Sun said his goal for the Buffett lunch is to change Buffett’s mind about cryptocurrencies. “It might be unrealistic to convince Warren Buffett, just in three hours, to buy cryptocurrencies,” Sun acknowledged. “But we want to show him the recent progress of cryptocurrency and blockchain technology.”
The lunch was set for this week, and Sun had even invited other crypto entrepreneurs, like Circle CEO Jeremy Allaire, to join the lunch. On Monday, Sun postponed the lun...