SEC sued Tron (TRX) founder Justin Sun on selling securities and market manipulation

The U.S. SEC sued Justin Sun on allegations of selling and airdropping unregistered securities, fraud and market manipulation. SEC is suing Sun over the sale of Tron $TRX and BitTorrent $BTT tokens, which it described as unregistered crypto asset securities. The regulator further alleged that the defendants fraudulently manipulated $TRX secondary market through an extensive wash trading scheme – somewhere between 4.5M-7.4M $TRX was traded daily through these wash trades.

SEC sued Tron (TRX) founder Justin Sun on selling securities and market manipulation

The U.S. SEC sued Justin Sun on allegations of selling and airdropping unregistered securities, fraud and market manipulation. SEC is suing Sun over the sale of Tron $TRX and BitTorrent $BTT tokens, which it described as unregistered crypto asset securities. The regulator further alleged that the defendants fraudulently manipulated $TRX secondary market through an extensive wash trading scheme – somewhere between 4.5M-7.4M $TRX was traded daily through these wash trades.