The Justin Sun Wins eBay Charity Auction at $ 4.57 M of tron Bid into Lunch With Warren Buffett
In a statement, Sun highlighted the importance of donating to a base whose job provides holistic programs for the local community, noting :
Sun reportedly bid a record-breaking $4,567,888 to acquire the charity auction, that was held by Warren Buffett for the past 20 decades. All profits from the auction benefit from San Francisco-based non-profit GLIDE Foundation. The news was disclosed in a media launch shared on June 3 using Cointelegraph. Inside her own announcement, Karen Hanrahan, CEO and president of GLIDE, underscored that 100% of Sun's contribution could be used"to assist people overcome barriers such as homelessness, addiction, hunger and social isolation and reach their whole potential" According to the press launch, the voucher was hosted in cooperation with all the"eBay for Charity" initiative, which empowers members of eBay's online community to support their chosen charities both contribute platform-derived profits and extra contributions to different causes. The initiative has reportedly raised nearly $912 million for nonprofits through the e-commerce community thus far. "BitTorrent and TRON's US headquarters are in San Francisco, and bidding on this charity auction was a vital priority for our team. I am proud to have my bid contributed to GLIDE, a base that provides critical support for our regional homeless community" For some in the crypto community, Sun's charity dinner with Warren Buffett will recall the investor's much-publicized unfavorable view of decentralized cryptocurrencies. While Buffett is well known for this scathing position -- memorably characterizing bitcoin since"likely rat toxin" He has, however, recently made more favorable comments in respect to blockchain. As mentioned, Sun also recently sold to deposit 7,000 BTC to compensate for loss incurred by the major hack on high crypto exchange Binance last month. The deal -- alongside other similar offers from industry members such as Coinbase and QKC -- was gratefully acknowledged but diminished by Binance CEO Changpeng Zhao.Bloomberg reports the winner, who'd previously been unnamed, will have the ability to bring seven buddies together for lunch with Buffett at a steakhouse in New York. Buffett's wife is reported to have turned into a GLIDE volunteer prior to her passing in 2004, because the investor has upheld his own commitment to the base, reportedly raising over $30 million so far in auction earnings.