Bitcoin24h $87,053.64-8.32%

Ethereum24h $2,415.69-9.63%

XRP24h $2.21-9.97%

BNB24h $612.05-4.12%

Solana24h $143.50-7.00%

Dogecoin24h $0.2049-9.66%

Cardano24h $0.6584-9.47%

TRON24h $0.2268-8.35%

Chainlink24h $14.81-9.45%

Avalanche24h $21.22-9.01%

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.

The SEC is proposing a change to custody requirements for investment advisors that threaten their ability to engage with cryptocurrency.