Crypto Celebrities Face Charges: Justin Sun, Soulja Boy, Lindsay Lohan, and More
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.