Geography Correction: Liberland Responds to Justin Sun’s Forbes Article
A Forbes article focusing on Justin Sun – the founder of Tron and also, somewhat unexpectedly, the prime minister of Liberland, the pro-blockchain micronation – got a geographical detail wrong, leading to a correction from the self-proclaimed nation itself. Forbes had stated Liberland was located in Croatia.
Taking to their X account, Liberland responded to Forbes’ geographical slip-up, downplaying it as a “small error.” They then firmly clarified: “The territory of Liberland is not located in or claimed by Croatia.”
Forbes also noted that despite losing his Grenadian ambassadorship way back in 2022, Sun still refers to himself as “His Excellency,” a title associated with that former role.
Read more: Former Grenada ambassador Justin Sun is entering a world of pain
Liberland is actually situated on a small, 7km² patch of land between Serbia and Croatia, a territory that has been disputed by both nations for quite some time.
Back in 2015, Croatia stated that both they and Serbia were still in talks about the land, emphasizing it wasn’t “terra nullius” (nobody’s land), contrary to Liberland’s assertions. Croatian border police continue to actively disrupt Liberland’s attempts at settlement. It’s worth recalling that Liberland voted Sun in as their prime minister just last year.
And to be clear, no other country in the world recognizes Liberland as a legitimate nation.
Forbes Calls Justin Sun a “Pure Opportunist”
Forbes’ article is a deep dive into Sun’s background, covering his crypto ventures, his interactions with the Trump administration, and his overall wealth. Forbes didn’t mince words, labeling him a “pure opportunist,” a “copycat,” and someone who “loves a publicity stunt.”
Changpeng Zhao, former CEO of Binance, even chimed in on X, asking, “Is it just me, or does it come across like a hit piece? 😂”
Adding to the critical assessment, Forbes asserts they had to significantly discount Sun’s claimed assets because many couldn’t be verified. They wrote, “As with Trump, it’s hard to take anything Sun tells you at face value, at least when it comes to his holdings.”
Ultimately, Forbes concluded that Sun’s true net worth is at least $8.5 billion, and possibly even higher.
Read more: Coinbase takes aim at Justin Sun in WBTC lawsuit response
Sun apparently declined to comment on both the Securities and Exchange Commission’s wash trading allegations and Coinbase’s delisting of wrapped bitcoin, which is suspected to be under Sun’s control.
There’s a running joke that landing on the cover of Forbes magazine is practically a predictor of ending up in prison.
Consider the track record: Sam Bankman-Fried of FTX, Changpeng Zhao, and Elizabeth Holmes, the infamous healthcare fraudster – all Forbes cover stars, and all now imprisoned.
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