Justin Sun Is Facing Fraud Charges

Justin Sun is facing fraud charges. Chinese billionaire Justin Sun is under investigation on different charges.

According to some, the swindler, according to others, the genius of the crypto world, Justin Sun, has begun to be the subject of investigations. Investigations are being carried out by the FBI and China, with the first possibility coming to the fore. Chinese Justin Sun has been interested in cryptocurrency technologies from day one. After working at some companies like XRP, he decided to launch the Tron project. His friendship with Binance founder Changpeng Zhao made his star shine. After Justin Sun developed the TRX cryptocurrency, he gained an important place in the market, especially with the support of Binance. Its acquisition of networks such as SteemIt and BitTorrent, as well as coins such as SUN, JUST, has been the subject of great criticism. Currently, Justin Sun dominates a group of cryptocurrencies with a volume of tens of billions of dollars in the cryptocurrency world. Justin Sun, who allegedly operates at the same address in Malta as the Binance exchange, has recently become the subject of investigations. While accusations such as fraud, manipulation, money laundering, failing to register securities, misleading institutions are carried out by the FBI, there are accusations that he formed a team for insider trading in China. It is also alleged that he advertised himself using large audiences, especially BitTorrent, and dumped their cryptocurrencies on investors from the top. The news of the investigation pulled the already declining Bitcoin price to the level of 39 thousand dollars.