Bitcoin24h $78,567.20+2.24%

Ethereum24h $2,315.78+3.31%

BNB24h $780.38+3.34%

XRP24h $1.62+1.75%

Solana24h $104.50+2.51%

TRON24h $0.2836-0.04%

Dogecoin24h $0.1082+4.28%

Hyperliquid24h $37.06+18.33%

Cardano24h $0.2989+4.85%

Bitcoin Cash24h $530.23+3.16%

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.