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