{"id":24380,"date":"2023-03-23T16:10:35","date_gmt":"2023-03-23T23:10:35","guid":{"rendered":"https:\/\/coinnetworknews.com\/asia-express-cointelegraph-magazine-5\/"},"modified":"2023-03-23T16:10:35","modified_gmt":"2023-03-23T23:10:35","slug":"asia-express-cointelegraph-magazine-5","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/asia-express-cointelegraph-magazine-5\/","title":{"rendered":"Asia Express \u2013 Cointelegraph Magazine"},"content":{"rendered":"
Our weekly roundup of news from East Asia curates the industry\u2019s most important developments.<\/em><\/p>\n On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced<\/a> charges against Chinese blockchain personality and billionaire Sun Yuchen \u2014 better known as Justin Sun \u2014 and three of his wholly-owned companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly known as BitTorrent).<\/p>\n The complaint alleges that Sun and his companies \u201cfraudulently\u201d manipulated the secondary market for Tron (TRX) tokens through \u201cextensive wash trading\u201d, citing more than 600,000 such trades, and paying celebrities to promote TRX and BitTorrent (BTT) tokens with zero disclosure.<\/p>\nChinese crypto billionaire\u00a0sued by SEC<\/h2>\n