Crypto billionaire Justin Sun settles US fraud case for US$10 million

2026-03-05 - 22:55

The US Securities and Exchange ‌Commission has agreed to settle its civil fraud case against Chinese cryptocurrency entrepreneur Justin Sun, with one of ⁠Sun’s companies paying a US$10 million ‌penalty, a court filing showed on Thursday. The SEC ‌sued Sun and his ⁠companies ⁠Tron Foundation, BitTorrent Foundation and Rainberry ‌in March 2023. It accused them of ‌scheming to ‌illegally distribute the cryptocurrency ‌assets Tronix and BitTorrent, ⁠artificially inflate trading volume, and conceal...