Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges

The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume.

Highlights

• Regulator alleges Sun created an “extensive wash trading” program to boost their trading volume.
• Sun and his companies allegedly targeted U.S.
• investors in their unregistered offers and sales.
• Regulator alleged TRX and BTT are unregistered securities, and claimed Sun created a promotional campaign to promote their sales.
• Sun’s companies “generated millions in illegal proceeds at the expense of investors,” the regulator says.

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