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

Solar, who was named Grenada’s ambassador to the World Commerce Group (WTO) final yr, tried to artificially inflate TRX’s buying and selling quantity by the wash buying and selling scheme, the SEC alleged, by having his personal workers “have interaction in additional than 600,000 wash trades of TRX between two crypto asset buying and selling platform accounts he managed.” In accordance with the courtroom submitting, Solar’s Tron Basis workers performed the trades, the BitTorrent and Tron foundations managed the accounts and Rainberry workers transferred funds for the buying and selling.