The legal problems of the Chinese entrepreneur of Cryptography Justin Sun seem to disappear. In March 2023, the Securities and Exchange Commission (SEC) accused it of manipulating the market. After Trump was elected, he poured $ 30 million in the world’s global cryptography system. Now, a federal judge has granted him a suspension in the SEC investigation.
Sun is a Chinese crypto magnate which is the most famous for being the guy who paid $ 6.2 million for a banana in a banana to a wall. He ate the banana in front of the cameras in Hong Kong after the check. It was in November, when the specter of an investigation into the fraud led by the dry was still suspended above his head.
Sun has several companies, including Tron Foundation Limited, Bittorrent Foundation Ltd. and Rainberry Inc. (formerly Bittorrent). According to a Dry press release From 2023, Sun would have used its companies to wash commercial titles, buy them with a business and buy them immediately with another. He would also have paid the mentions of celebrities without disclosing the agreement.
When she accused the sun, the SEC also billed eight celebrities which, according to them, were involved in the program, notably Lindsay Lohan, Jake Paul, Soula Boy and Lil Yachty. Several of the celebrities, including Lohan, agreed to pay $ 400,000 to settle the SEC survey.
The legal problems of Sun’s dry also seem to be completed.
Trump’s family has long been preparing the WLF Crypto Scheme, but he finally borne fruit after his election and thank you, largely, to a great push of Sun. The way WLF has worked, its founders would keep 70% of the “governance” tokens of the project and would only obtain large payment if the token hit a certain investment threshold.
Around the same time, he bought banana for $ 6.2 million, Sun “invested” $ 30 million in the WLF. He pushed the room into the threshold he needed to release money in Trump’s pocket and brought the president around $ 18 million. Sun came to WLF as an advisor. He then poured an additional $ 45 million in the company. According to BloombergThis means that Trump received around $ 56 million in total WLF sun -related sun.
Days after the inauguration, Sun congratulated President Trump In an article on X. “In my opinion, if I made money in cryptocurrency, all the merit goes to President Trump,” he said. “Trump Coin and World Liberty Financial are required to work exceptionally well.”
On February 26, the lawyers of the dry and the sun sent a letter to the judge for the case. “In this case, the parties submit that it is in each of their interests to remain this affair while they consider a potential resolution and agree that no party or non-party would be detrimental to a stay,” said the letter. The judge signed it and granted the stay A day later.
On X, Sun republished the news of the stay Emojis above the handshake. This is just another agreement concluded by the Trump administration.
– Il Justin Sun 🍌 (@justinsuntron) February 27, 2025
