Filing: the US SEC settles with Tron founder Justin Sun over a 2023 case that alleged securities fraud; Tron-affiliated company Rainberry will pay the $10M fine
Rainberry, a company affiliated with the Tron network, will pay a $10 million fine. Charges against Sun will be dismissed.
CoinDesk Nikhilesh De
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Discussion
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@justinsuntron
@justinsuntron
on x
I am very pleased to confirm that the SEC has moved to dismiss all claims against me, Tron Foundation, and BitTorrent Foundation. Today's resolution brings closure, but I never stopped building. I will continue to focus on accelerating innovation in the United States and around
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@adamscochran
Adam Cochran
on x
Absolutely disgusting. Justin Sun is the worst criminal this space ever produced. He grifted billions, operated multiple illegal businesses, stole assets from exchanges, and laundered money for war criminals through multiple offshore entities. Truly disgusting to settle.
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@wublockchain
Wu Blockchain
on x
According to a filing in the U.S. District Court for the Southern District of New York, the SEC has dismissed the claims it brought in 2023 against Justin Sun, the Tron Foundation and the BitTorrent Foundation. Meanwhile, Rainberry, formerly BitTorrent Inc., agreed to pay a $10
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@molly.wiki
Molly White
on bluesky
In January, House Financial Services Ranking Member Maxine Waters sent a letter to SEC Chair Paul Atkins expressing concern over the SEC's “retrenchment from crypto enforcement”, citing the Sun case and urging Atkins to hold him accountable. [images]
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@bft.wtf
Bennett Tomlin
on bluesky
Bumping this thread since the Trump SEC just let Justin Sun off the hook [embedded post]
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@molly.wiki
Molly White
on bluesky
Today the SEC filed a proposed final judgment to settle their lawsuit against Justin Sun and his businesses for $10 million and no admission of wrongdoing. — Sun has spent between $112 million and $233 million on contributions to Trump-linked crypto firms. [image]
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@gratitude333
@gratitude333
on bluesky
More of Trump's PAY to Play, Quid pro quo. — SEC Dismisses Fraud Case Against Crypto Billionaire Justin Sun - The Wall Street Journal