Chinese crypto entrepreneur Justin Sun charged with fraud, US celebrities who backed him fined

TL;DR

class="YtLlr aHS+3 V-v0y fm7dv _8teMo _5pKBM" data-component="Text">Mr Sun and his companies Tron Foundation, BitTorrent Foundation and Rainberry were accused of having since August 2017 schemed to distribute billions of crypto assets known as Tronix (TRX) and BitTorrent (BTT) and artificially inflated trading volume. "From the outset, she cooperated with the SEC's investigation and ultimately agreed to disgorge the small amount of money she received and paid a fine to resolve this matter," Mr Brettler said in an emailed statement. By creating a false and misleading appearance of legitimate trading, Mr Sun made it easier to sell TRX while maintaining stable prices, and generated $US31 million of proceeds from illegal, unregistered offers and sales of TRX, the SEC said

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