The SEC, in 2023, alleged that Tron Foundation employees conducted over 600,000 wash trades to inflate the trading volume of TRX tokens

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The SEC, in 2023, alleged that Tron Foundation employees conducted over 600,000 wash trades to inflate the trading volume of TRX tokens

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Sun tried to inflate the TRX token's volume through wash trading, the SEC alleged at the time. The regulator said Tron Foundation employees conducted over 600,000 wash trades.

The SEC charged Sun and three of his companies — Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. — in March 2023.

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