Crypto Celebrities Face Charges: Justin Sun, Soulja Boy, Lindsay Lohan, and More
TL;DR Summary
The SEC has charged Chinese blockchain personality and billionaire Justin Sun and his companies with "fraudulently" manipulating the secondary market for Tron tokens through "extensive wash trading" and paying celebrities to promote TRX and BitTorrent tokens with zero disclosure. Meanwhile, Do Kwon, co-founder of Terraform Labs, has been arrested in Montenegro over falsified documents. In happier news, South Korean gaming giant Nexon has selected Ethereum layer-2 scaling solution Polygon to power the blockchain ecosystem for the multiplayer 2D fantasy role-playing game MapleStory.
- Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express Cointelegraph
- Lindsay Lohan, Jake Paul and Soulja Boy Charged in Crypto Scheme | THR News The Hollywood Reporter
- The SEC just charged Justin Sun, the crypto CEO who bid $4.6 million on lunch with Warren Buffett, with fraud. Here's everything you need to know about him. Yahoo Finance
- Soulja Boy, Lil Yachty, Akon & More CHARGED By SEC For Crypto Violations HipHopDX
- Here's What You Need to Know About Justin Sun The Wall Street Journal
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