Justin Sun Hit by Explosive Market Manipulation Claims as Alleged Ex-Girlfriend Offers Evidence to SEC

Tron founder Justin Sun faces renewed scrutiny after a woman claiming to be his former girlfriend publicly accused him of orchestrating large-scale market manipulation during TRX’s early years. Allegedly, the controversial crypto executive used multiple Binance accounts to inflate prices before dumping tokens on retail investors. Justin Sun Accused of Using Binance Accounts to Manipulate TRX The accuser, identifying herself as Ten Ten (Zeng Ying), stated that she was romantically involved with Sun during TRON’s launch and early growth phases. She alleges that Justin Sun instructed multiple Beijing-based employees to use their personal identities and mobile phones to register numerous Binance accounts. These were then used in coordinated trading activity. Allegedly, these accounts conducted aggressive buying to artificially boost TRX’s price and market capitalization in late 2017 and early 2018. Large-scale sell-offs followed, allegedly dumping tokens on retail investors and generating what she described as “enormous illegal profits.” “I am in possession of evidence showing that he used the identities and mobile phones of multiple employees to register numerous Binance accounts,” she wrote. Ten Ten claims to hold WeChat chat records, insider testimony from employees, and additional documentation. She emphasizes that what has been disclosed publicly so far represents “only a very small portion” of the material. Further, the lady states her willingness to fully cooperate with any investigation by the US SEC. She also urges the authorities to contact her. There’s Precedent Despite Ten Ten’s Unverified Claims While the claims remain unverified, they closely echo allegations previously made by the SEC. In March 2023, the regulator filed a civil lawsuit against Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent). The securities regulator accused them of unregistered offers and sales of TRX and BitTorrent Token (BTT), as wel...