SEC in conversation to remain the case of civic fraud against the founders of the throne Justin Sun

The American Securities and Exchange Commission are considering breaking their case of civic fraud against the founders of the throne Justin Sun to investigate a possible resolution that could benefit both sides and public.

In a letter sent to Wednesday, the American County of Edgard Ramos in Manhatna, lawyers who advocated the sun and claiming to provide the status update 60 days after their stay, as originally reported Reuters. Casesubmitted in March 2023. years, accuses the Sun and his companies illegally distributing the Training (Twitch) and BitTorrent (BTT) and artificial inflation of the Volume TRS TRS trading.

Specifically, SEC accused The sun sells TRX and BTT tokens as investments without proper registration through unregistered “awards program”. These programs have encouraged stakeholders to promote tokens at groups of social media and chatting and create BitTorrent orders in exchange for TRSK and BTT reception. Sex also claimed that Sun and his company were conducted by the BTT monthly gifts in American investors who have already held the TRS in their wallets or certain exchange.

In addition, SEC accused The sun was launching, creating an illusion of active trading and liquidity in markets for these tokens. Specifically, since April 2018. until 2019. The sun allegedly referred its employees to carry out over 600,000 TRSK operating trade operational trade using two trading accounts he controlled. These stores included market manipulation with daily operations for washing between 4.5 million and 7.4 million TRSs. In order for this scheme to be performed, the sun allegedly supplied a large amount of TRSK. In addition, he was accused of selling TRS to secondary market, resulting in $ 31 million in revenue.

Finally, and the sun hired Several highly profiling celebrities for the promotion of these tokens without discovering their compensation. It is also accused Eight celebrities, including Lindsay Lohan, Akon and Austin Mahone, for illegal promotion of TRS and / or BTT without detection that they are paid for these approvals and specific quantities they received.

Before this, Justin Sun was in another legal lighting when the BlocCchain protocol chain was considered undertaking legal proceedings against him. This caused the sundial allegations that the company was involved in the odiccoin (KCN) Market manipulation – The accusation that seems especially ironic in the light of the sun was submitted by Sec.

SUN provides these allegations in the post 24. January, claiming that the chain was used high influence and contracts that could harm users exchange. He suggested that the CRIPTO exchange should be careful and indications that it will report a chain that lists illegal activities in SEC and DOJ. In response, the chain rejected the sun’s charges, stating that he was not dealing with trading KCN and emphasizing that the XCN token is operated by onyxsdao. After that, the sun reiterated his accusations, this time, directing attention to the onicsdao and the involuntary regulatory bodies to investigate.