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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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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U.S. Securities and Exchange Commission charged Justin Sun, the Tron Foundation, BitTorrent Foundation, and Rainberry Inc. in March 2023 with alleged fraud and unregistered securities offerings
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