Tron’s Justin Sun, BitTorrent warn users about fraudulent websites asking for tokens in exchange for BTT

On January 28, BitTorrent Token [BTT] were sold out within minutes on Binance’s launchpad. The sale was approximately worth $7.2 million, which is 59.8 billion BTT tokens. However, there were some technical glitches that baffled users, due to which Justin Sun, the founder and CEO of Tron, which had acquired BitTorrent, announced:

“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”.

Technical glitches were one part, but BitTorrent informed people to be aware of fraudulent websites, ICOs, and airdrops happening in the name of BitTorrent [BTT]. The BitTorrent team, through a Medium blog post, warned users of a significant number of such sites since its announcement on January 3.

The post read:

“We are actively working on taking down those fraudulent platforms and wanted to warn you about the risk related to participating in their initiatives that might result in the potential loss of your funds.”

The post confirmed that BTT will be exclusively available on their official airdrop program, and that trading will begin on February 12 on selected exchanges. These exchanges will be shortly announced on BitTorrent’s official website and social media accounts.

Justin Sun took to his social media handle, Twitter, to warn the community against the threat of such sites and said:

“We are currently taking down the fake accounts offering so-called $BTT. Read this article and be careful!”

The post noted that the Tron foundation, BitTorrent uTorrent or Justin Sun will never ask the users to send any token in exchange of BTT, which has been a noted case with these fraudulent sites. BitTorrent also made a note that read:

“BitTorrent will not be held liable for any losses caused by those fraudulent token offerings.”

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