Chongqing Business Media Group Apologizes to Justin Sun for Defamation

Background

On March 11, 2022, the Chongqing Business Media Group published a video on the Oriental Fortune website and app under the account “Business,” falsely alleging that Justin Sun (Sun Yuchen) was under investigation by the FBI for insider trading.

Court Ruling

A Chinese court ruled in favor of Justin Sun, determining that the allegations were unfounded and defamatory. The civil judgment (2023) Yu 0112 Min Chu No. 1483 mandated an apology from the media group.

Apology Statement

In accordance with the court’s judgment, Chongqing Business Media Group issued a formal apology, acknowledging their failure to exercise reasonable care and the publication of unauthorized and false content. They admitted that their actions damaged Justin Sun’s reputation and infringed on his right to reputation.

Commitment to Accuracy

The media group committed to improving their review processes to ensure the accuracy and credibility of their future publications, pledging to prevent similar mistakes.

For more details, visit the court’s official announcement page.