Unchained How Justin Sun Has Allegedly Tried to Manipulate Markets and Escape Regulation - Ep.329
Mar 11, 2022
Chris Harland-Dunaway, a freelance reporter for The Verge known for his investigative work on cryptocurrency, dives into the murky world of Justin Sun, the controversial founder of Tron. They discuss Sun's dramatic escape from China and the enigmatic 'Operation Couch Cushions,' linking him to insider trading and potential evasion of U.S. securities laws. Harland-Dunaway reveals insights from 15 anonymous sources and touches on a grand jury investigation, all while addressing Sun's daring claims in response to these serious allegations.
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Justin Sun's First Escape
- Justin Sun fled China after his TRX ICO due to an impending ICO ban.
- He feared legal repercussions for his potentially shady maneuver.
Insider Trading Allegations
- Justin Sun's market-making team allegedly engaged in insider trading by buying TRX before good news and selling after.
- This raises legal questions about insider trading laws in the crypto space.
Seeking Regulatory Approval
- Justin Sun sought legal opinions to declare TRX and BTT as non-securities.
- He even hired David Labhart, a former SEC compliance officer, for this purpose.