"SEC Charges Celebrities for Illegal Crypto Promotion and Disclosure Violations"
TL;DR Summary
The SEC has charged crypto entrepreneur Justin Sun for the unregistered offer and sale of Tronix and BitTorrent tokens, which were promoted by several celebrities on social media without disclosing that they were paid to do so. Eight celebrities, including Lindsay Lohan and Jake Paul, have been charged and agreed to pay a collective amount of $400,000 in penalties to settle the charges. Sun himself has been accused of violating antifraud and market manipulation provisions of the federal securities laws.
- SEC charges Lindsay Lohan and other celebrities for illegally touting crypto Engadget
- Lindsay Lohan, Lil Yachty, Jake Paul Among Celebrities Hit With SEC Charges for Touting Crypto Variety
- Lindsay Lohan and Jake Paul hit with SEC charges over crypto scheme BBC
- Here's What You Need to Know About Justin Sun The Wall Street Journal
- Lindsay Lohan, Jake Paul and other celebrities charged $400,000 for violating disclosure rules CNN
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
1 min
vs 2 min read
Condensed
77%
355 → 80 words
Want the full story? Read the original article
Read on Engadget