Justin Sun restarts TRON foundation before trial in US court
On January 16th, according to documents from the Southern District Court of New York, Sun Yuchen's legal team postponed the upcoming fraud and market manipulation trial (the third postponement so far) and restored the previously dissolved Singapore TRON Foundation. The initial lawsuit filed by the US Securities and Exchange Commission (SEC) in March of last year alleged that DeAndre Cortez Way (also known as SouljaBoy), Austin Mahone, and Sun Yuchen may have manipulated TRON and BTT tokens. Cortez Way defaulted, Mahone reached a settlement in August 2023. Sun Yuchen did not respond until a week after the absent judgment against Mahone, admitting that he would fight against the SEC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lombard and Eigenlayer partner to bring Bitcoin restaking to Ethereum
Monero’s Price Surge Sparks Market Speculation
In Brief Monero's price surged dramatically earlier this week. Experts warn about the risks of sudden price movements in crypto. Suspicious transactions are under scrutiny in the cryptocurrency market.
Tether Secures $770 Million in Gold Reserves for XAUT Cryptocurrency
In Brief Tether has announced a $770 million gold reserve for XAUT cryptocurrency. Each XAUT token is directly backed by physical gold stored in Switzerland. The company aims to enhance transparency with regular audits and improved disclosure policies.
Market Insights: FLOKI and Solana Shine Brightly in Current Crypto Trends
In Brief Inmortal predicts FLOKI is on a long-term rise with impressive gains. Solana's upcoming weeks will reveal significant market trends. Current performance shows SOL outpacing ETH in recent movements.
Trending news
MoreCrypto prices
More
