Justin Sun withdraws his funds after rumors of his arrest

Justin Sun, Founder tron, has reportedly transferred an amount of 2,200 ETH (equivalent to approximately $4.6 million) to Binance and Huobi exchanges, raising

Highlights

• Justin Sun, Founder tron, has reportedly transferred an amount of 2,200 ETH (equivalent to approximately $4.6 million) to Binance and Huobi exchanges, raising suspicions among market observers.
• The move comes after rumors of Sun’s arrest in Hong Kong.
• Sun quickly debunked these rumors with a tweet stating “4”, meaning “Ignore FUD, fake news, attacks, etc.” The SEC announced charges against Sun and three of his wholly owned companies: Tron Foundation Ltd., BitTorrent Foundation Ltd.
• and Rainberry Inc.
• (formerly BitTorrent) These charges relate to the unregistered offer and sale of the crypto asset Securities Tronics (TRX)

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