Did Justin Sun sell unregistered securities?

Secure your seat today The U.S. Securities and Exchange Commission sued Justin Sun Wednesday on allegations of selling and airdropping unregistered securities, fraud and market manipulation.

Who is Justin Sun?

The Securities and Exchange Commission today announced charges against crypto asset entrepreneur Justin Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for the unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT).

Did Justin Sun lie about paying celebrities for crypto endorsements?

The feds claim Sun engaged in selling unregistered securities and market manipulation and lied about paying celebrities for crypto endorsements. When we wrote about Tron founder Justin Sun and possible illegal activities within his cryptocurrency empire last year, the Securities and Exchange Commission (SEC) declined to comment.

Did Justin Sun create an 'extensive wash trading' program?

The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume. The U.S. Securities and Exchange Commission sued Justin Sun Wednesday on allegations of selling and airdropping unregistered securities, fraud and market manipulation.