Bitcoin24h $98,265.15-0.14%

Ethereum24h $3,385.21-1.06%

Solana24h $253.04-1.17%

BNB24h $658.24-1.42%

XRP24h $1.46-0.84%

Dogecoin24h $0.4279-2.56%

Cardano24h $1.03-3.11%

TRON24h $0.2088-3.47%

Avalanche24h $43.30+2.38%

Toncoin24h $6.11-5.21%

Another hard week for the crypto industry — particularly Justin Sun

Sun’s problems have snowballed since the collapse of FTX and the unmasking of Sam Bankman-Fried as a giant fraud.

SEC sues Justin Sun over TRX, BTT, market manipulation

The SEC claims that Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry Inc. engaged in a scheme involving wash trading.

The judge ruled that plaintiffs have “adequately alleged” that these NBA-themed NFTs passed the Howey Test.

The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.