Sun Yuchen's artwork suffered a loss of 7840 USD! Angry lawsuit against 'Nose' new buyer David Geffen: buying my collection without permission

TRON (TRON) founder Justin Sun this week reported a complaint in the United States against well-known film and record mogul David Geffen to return his collectible, Giacometti's masterpiece "Le Nez" (nose), which Sun auctioned for a staggering $78.4 million (NT$2.57 billion) in 2021. (Synopsis: Sun Yuchen eats "200 million yuan banana": Sure enough, the taste of art is different) (Background supplement: Sun Ge fired fire coin Li Lin concealed information play people for suckers He $30 million: Really disgusting) Last November, TRON (TRON) founder Justin Sun auctioned a "banana with silver tape on the wall" for spending $6.2 million (NT$200 million), by Italian artist Maurizio Cattelan's iconic concept artwork "Comedian" has earned a lot of buzz in both the art world and the crypto world. But this week, Brother Sun was once again hotly discussed by the community because he was "played people for suckers" in the art world for more than 78 million US dollars. Sun Justin stole $78.4 million collectible, angrily sued new buyer of "Nose" David Geffen According to the New York Times and ArtNews, Sun has filed a complaint with billionaire collector David Geffen (founder and executive of several well-known record and film companies in the United States, co-founder of DreamWorks) in federal court in Manhattan on Tuesday, demanding that he return his former art consultant Xiong Zihan (Sydney). Xiong) forged signatures and secretly stole collectibles - the masterpiece "Le Nez" (nose) by the greatest contemporary sculptor Giacometti (Alberto Giacometti). Justin Sun originally auctioned the work at Sotheby's in 2021 for US$78,396,000 (about NT$2.571 billion) and later donated it to APENFT, a foundation he co-founded with Xiong Zihan. BUT THE LATEST DOCUMENTS SHOW THAT SUN HAS NEVER ACTUALLY TRANSFERRED THE OWNERSHIP OF THE SCULPTURE TO APENFT, SOURCE: SCREENSHOT FROM TRON DAO YOUTUBE VIDEO Sun Justin accused art consultant of stealing collectibles: has called the police to arrest people In the complaint, Sun Justin alleges that Xiong Zihan, a former art consultant, allegedly forged documents, signatures and planned a fake lawyer scam without his knowledge and consent, and reached a deal between the art dealer and Geffen's representatives during January ~ March 2014. For two paintings worth a total of $55 million, plus $10.5 million worth of Cryptocurrency, Justin Sun's collection of "Le Nez" (nose) was purchased. Justin Sun claimed that although he had expressed interest in selling The Nose and asked Xiong Zihan to notify him when someone bid more than $80 million, Xiong's deal with Geffen was clearly well below his target price, and he never authorized Xiong to complete any deals. The complaint also alleges that Xiong Zihan also traded the $10.5 million cryptocurrency portion, falsely claiming to be a "deposit" from a fictitious buyer, while enriching $500,000 of the funds when transferring funds from her encryption wallet to Justin Sun's wallet. He only discovered that the work had been secretly sold when he asked Xiong Zihan in December why sales were not progressing. Sun Yuchen himself confirmed the news that the collection was stolen on the X platform today: It has indeed been stolen, the police have been called, the relevant personnel have been controlled by the police, the United States has also submitted a lawsuit, and the transfer has been restricted and frozen. Artwork is not as easy to steal as Block Chain and should be recoverable. 确实被偷卖了,已经报警,相关人员已经被警方控制,美国也已经提交诉讼了,也已经限制转让冻结了。 艺术品不像区块链这么好steal,应该能追来 — H.E. Justin Sun (@justinsuntron) February 6, 2025 Justin Sun demanded the return of "Nose": otherwise he would have spent $80 million to buy the settlement In response to Justin Sun's complaint, Geffen appointed a lawyer to respond to the lawsuit as "absurd and groundless". And hinted that Sun only regretted the deal. "The transaction was completed through Middleman, and there are no allegations that Geffen had any connection or relationship with Xiong. This means that there is no reason to reverse the transaction." Lawyer Sun Yuchen said in an interview: "The consultant surnamed Xiong has admitted to the theft. She repeatedly forged Mr. Sun's signature and fabricated the existence of a lawyer. A legitimate art deal, let alone a transaction worth tens of billions of dollars, simply doesn't happen in this way." Sun has reportedly asked Geffen to either return The Nose or pay $80 million as compensation. Related reports Sun Ge fired fire coin Li Lin concealed information play people for suckers he $30 million: really disgusting people Sotheby's "tape big banana" fried $Ban, AI meme coin after abstract art? Musk forwarded banana photos detonated $BAN soared 25% in an hour, $BANANA simultaneously pulled up Sun Justin launched USDD2.0 "annualized return of 20%": don't ask how the income comes from, I have more money 〈Sun Justin's art lost 7840 magnesium! Angrily told David Geffen, a new buyer of "Nose": "Steal my collection" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".