Bitcoin24h $82,913.04-0.86%

Ethereum24h $1,810.03-0.79%

XRP24h $2.05-0.30%

BNB24h $591.58-1.17%

Solana24h $115.56-3.31%

Dogecoin24h $0.1617-2.47%

Cardano24h $0.6484-0.70%

TRON24h $0.2386+1.17%

UNUS SED LEO24h $9.44+0.54%

Toncoin24h $3.51-8.43%

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.

Justin Sun’s Huobi has announced it will list the FTX User Debt (FUD) token issued by the DebtDAO, though details are sparse.

According to an SEC filing, the cuts will leave Coinbase with around 5,000 remaining staff and will cost somewhere in the region of $40 million.