On April 12, Justin Sun posted a message on social media to respond to relevant reports from the Wall Street Journal, saying:

"I don't know the rumors spreading on the Internet at the moment. CZ is my good teacher and friend, and I am also my noble person. During my entrepreneurial process, he gave me attention, guidance and direction. Until today, his principles and style of conduct are still the highest standards I pursue as an entrepreneur.

Meanwhile, the U.S. Department of Justice has been one of our T3FCU’s closest and most trusted partners. We work together to deal with a large number of important cases aimed at protecting users around the world and punishing criminal groups around the world.

Whether it’s CZ or a partner of the Justice Department, we always maintain direct and honest communication. I have a lot of trust in each of them. Under President Trump's wise crypto policy, the US crypto industry is bound to usher in greater success. As one of the president's earliest choice of cryptocurrencies, TRX will also be a beneficiary of this success. ALL IN USA! "

Previous reports, the Wall Street Journal quoted people familiar with the matter as saying that during the Biden administration, the U.S. Department of Justice has been investigating Justin Sun's alleged financial crimes, and it is not clear whether the investigation is still in progress. Some people familiar with the matter said he has agreed to provide prosecutors with evidence about Justin Sun as part of the CZ plea agreement.