SEC Vs. Justin Sun Case Ends In $10M Settlement, Traders Eye TRX Price Reaction
Rainberry Inc., the company behind BitTorrent, agreed to pay a $10 million settlement that ends a long-running case with the US Securities and Exchange Commission. The agreement lets the regulator dismiss its remaining civil claims against Justin Sun and affiliated foundations with prejudice, meaning the SEC cannot refile those specific charges. Related Reading: Solana Stablecoins Hit $650 Billion In Monthly Transactions Sun acquired BitTorrent and integrated it into his Tron blockchain ecosystem, linking Rainberry and the BitTorrent Token (BTT) to his crypto operations. Officials framed....
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The US Securities and Exchange Commission (SEC) has settled its civil fraud case against Tron (TRX) blockchain founder Justin Sun, bringing an end to the legal proceedings that began in 2023. As part of the settlement, one of Justin Sun’s companies will pay a $10 million civil penalty, and the regulator will drop its claims […]
The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million in Ethereum for BAYC #3001 Justin Bieber spent 500 ethereum worth $1.29 million at the time of settlement on a Bored Ape Yacht Club (BAYC) NFT, according to a sale stemming from the NFT marketplace Opensea. Bieber is a well known pop star with his popular seven-track EP “My World.” The 2009....
In an exciting development, Justin Sun, founder of Tron Network, has announced plans are underway to introduce gas-free stablecoin transfers. This has drawn much reaction with many applauding Tron’s latest proposed feature, while other users criticize the late implementation of this upgrade. Related Reading: Crypto Mogul Justin Sun Offers To Buy Germany’s $2 Billion Bitcoin […]
Binance co-founder Changpeng “CZ” Zhao has refuted claims that he agreed to testify against TRON founder Justin Sun as part of the settlement terms in his deal with the United States Department of Justice. ‘WSJ Is Really Trying Here’ – Binance Co-Founder According to an April 11 report by the Wall Street Journal, CZ agreed […]
Billionaire crypto founder Justin Sun has come under fire following accusations of insider trading. The TRON founder is said to have devised means to manipulate TRX’s price during the 2017 bull run. TRON Founder Justin Sun Accused Of Insider Trading In an X post, finance expert Tenten alleged that Justin Sun used the identities of […]