Justin Sun the founder of Tron and BitTorrent has made the headlines of major news outlets with allegations of fraud by the Security and Exchange Commission and selling of unregistered securities. Looks like taking. Over steemit was not enough for him.
The files say he was involved in orchestrating fake crypto trades just to manipulate market prices of TRX and BTT alongside paying celebrities like Ne-yo, Soulja boy, Jake Paul and several others to promote those two assets.
This means the celebrities are also going to be penalised for backing the Justin Sun scheme to defraud people.
It did Kwon's terraform labs scam, and then Sam Bankman FTX, Three Arrows, Voyager Digital the list goes on and presently Justin Sun.
All of these scandals have had a significant impact on the crypto market. Now the question is if there will ever be an end to these scandals and scams. What is the future of crypto?
This is for us to think about it.
Find the news hereBitcoin.com
Thank you for passing through.
