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Justin Sun at one point made his upcoming lunch with Buffet the leading image of his Weibo page. Photo: Weibo

Chinese cryptocurrency billionaire Justin Sun postpones lunch with Warren Buffett because of kidney stones

  • The 20th-anniversary charity lunch hosted by Warren Buffett and successfully bid for by Sun was originally scheduled for July 25

Chinese cryptocurrency entrepreneur Justin Sun Yuchen has postponed his lunch with Berkshire Hathaway chairman Warren Buffett due to kidney stones after he bid a record US$4.57 million for the opportunity at a charity auction last month.

“I was in hospital due to kidney stones and had to cancel the lunch with Mr Buffett … The donation to the Glide Foundation has been completed and is still valid,” Sun, the founder of cryptocurrency platform TRON and chief executive of software company BitTorrent, said in a post on Weibo, the Chinese equivalent of Twitter, on Tuesday morning.

TRON Foundation also announced the news on its Twitter account, saying relevant parties had “agreed to reschedule at a later date”.

The 20th-anniversary charity lunch hosted by Warren Buffett was originally scheduled for July 25. Sun can invite up to seven people to dine with Buffett at the Smith & Wollensky steakhouse in midtown Manhattan.

Sun said on Twitter last month that he intended to invite blockchain industry leaders to join him and hope “this benefits everyone”.

As of Tuesday, he had invited Charlie Lee, the creator of peer-to-peer internet currency payment service provider Litecoin; Chris Lee, the chief financial officer, board secretary and vice-president of international business development at Chinese cryptocurrency exchange Huobi; Yoni Assia, founder and chief executive of social trading and multi-asset brokerage company eToro and Jeremy Allaire, co-founder and chief executive of payments technology company Circle.

The 29-year-old Sun even sent an invitation to US President Donald Trump on Twitter after Trump said on July 12 that he was “not a fan of bitcoin and other cryptocurrencies” and “unregulated cryptoassets can facilitate unlawful behaviour, including the drugs trade and other illegal activity.”

This article appeared in the South China Morning Post print edition as: Crypto-billionaire forced to put off Buffett lunch