TRON (TRX) founder Justin Sun has been accused of secretly buying Binance-backed True USD (TUSD) and market manipulation of these assets.
to Justin Sun secretly buy Binance-backed TUSD on the world’s largest cryptocurrency exchange and these purchases manipulating the cryptocurrency market lawsuit was filed. Offering a variety of effective solutions for the cryptocurrency market archblock Founder of the company opened. Although the name of the person who filed the lawsuit is kept confidential in the case file, Archblock is the founder and CEO of the company. Robert Mao known as.
According to the allegations in the details of the case, Sun secretly bought TUSD. various individuals and institutions used as a tool. It was also stated in the case file that Sun manipulated the market by making these purchases. Both Justin Sun and the TUSD front denied the allegations.
Stablecoin issuer as a result of US pressure of Paxos Cryptocurrency exchange after it stopped issuing TUSD Binance had entered. Binance has been a remarkable stock market with its TUSD support recently.
The U.S. Securities and Exchange Commission (SEC) awarded Justin Sun and three affiliated companies last March. illegal sale of securities filed a lawsuit.