VerdictStats

Securities and Exchange Commission

SEC v. Justin Sun

SettledFiled: March 21, 2023

Rainberry, Inc. allegedly facilitated wash trading to artificially inflate the trading volume of the crypto asset “TRX.” According to the SEC, the wash trading created the false perception of market activity that does not reflect the true supply and demand for the securities.

Summary generated from official Securities and Exchange Commission press release

Source: Securities and Exchange Commission Press Release ↗

Parties

Defendants / Respondents
  • Justin Sun
  • Rainberry, Inc.
  • Tron Foundation Limited
  • BitTorrent Foundation Ltd.
  • DeAndre Cortez Way

Dates

Filed
March 21, 2023
Published
March 5, 2026

Case Details

Industry
Finance
Penalty Type
Fine