Justin Sun Accused of TRX Price Manipulation by Alleged Ex-Girlfriend

TheNewsCryptoPublished on 2026-02-02Last updated on 2026-02-02

Abstract

Justin Sun, founder of Tron, is accused by a woman named Ten Ten, who claims to be his ex-girlfriend, of manipulating the price of TRX. She alleges that Sun used employee identities to operate Binance accounts in 2017 and 2018 to conduct coordinated buying and selling, artificially inflating TRX's price and market cap. After the price surge, insiders allegedly sold off holdings for profit, causing losses to investors. Ten Ten claims to have extensive evidence, including WeChat records, emails, and exchange logs, and has named 12 other individuals involved. She states she is prepared to fully cooperate with a U.S. SEC investigation.

The founder of Tron, Justin Sun, has been alleged by a woman, Ten Ten, who claims to be his ex-girlfriend. Ten has shared a number of posts on X claiming to manipulate the TRX price.

After the post, attention has been directed towards the claims, and the demand for stricter action from law enforcement agencies has surged. Ten Ten is standing by her words and has also clarified that she is not making any baseless allegations and alleges to have extensive evidence.

She has also claimed that Justin Sun has used the identities of various employees in Beijing to run Binance accounts in late 2017 and 2018. As per her statements, these accounts were then used to run coordinated buying and selling of TRX to further surge the price.

She claimed that all this planning was done to artificially surge the price and market capitalisation of TRX. After the price surged, large-scale sell-offs happened, permitting insiders to profit, and at the same time, investors went through losses.

Not only this, but Sun also used media exposure and public hype to create excitement around TRX. The build image consisted of innovation and success; however, the reality revolved around insider trading and coordinated trades.

The Concrete Evidence

She also mentioned that insider trading and coordinated trades were one of the factors playing an important role in increasing the wealth of Justin Sun. She also revealed the names of 12 other people involved from mainland China, claiming that they worked under Justin Sun and were involved in such activities.

She highlighted that she was silent for years because of fear, saying money and influence, but that fear is not anymore. She also joked that “I also have an Epstein file of the crypto world.”

In the end, Ten Ten also assured that she is prepared to cooperate completely with an investigation by the U.S. Securities and Exchange Commission. She stated that she has WeChat records, emails, exchange activity logs and much more evidence to back her allegations.

Highlighted Crypto News Today:

Hong Kong Aims to Act as Global Connector Between Crypto and Traditional Finance

TagsJustin SunTronTRX

Trending Cryptos

Related Questions

QWhat is Justin Sun accused of by his alleged ex-girlfriend, Ten Ten?

AJustin Sun is accused of manipulating the price of TRX through coordinated buying and selling, using employee identities to run Binance accounts, and engaging in insider trading to artificially inflate the token's price and market capitalization.

QWhat specific methods did Ten Ten claim were used to manipulate the TRX price?

AShe claimed that Justin Sun used the identities of employees in Beijing to operate Binance accounts for coordinated buying and selling of TRX, combined with media exposure and public hype to create artificial excitement.

QWhat evidence does Ten Ten allege she has to support her claims?

ATen Ten alleges she has extensive evidence including WeChat records, emails, exchange activity logs, and knowledge of 12 other individuals involved from mainland China.

QWhy did Ten Ten say she remained silent about these allegations for years?

AShe stated she remained silent due to fear of Justin Sun's money and influence, but that fear is no longer present.

QWhat action has Ten Ten proposed to take regarding these allegations?

ATen Ten has assured that she is prepared to fully cooperate with an investigation by the U.S. Securities and Exchange Commission (SEC).

Related Reads

Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

**Summary: Key Events and Developments to Watch (August 3-9)** The upcoming week is marked by significant financial disclosures, key legislative deadlines, and notable product updates. **Major Financial Events:** Several companies are scheduled to release their Q2 2026 earnings. American Bitcoin (ABTC) will report on August 3, followed by SpaceX and Hut 8 Mining Corp. on August 4, and Circle on August 5. Notably, a significant portion of SpaceX shares (up to 12% of total shares) will be unlocked on August 6 following their earnings release. **Key Legislative Deadline:** The U.S. Senate faces an August 7 deadline to secure 60 votes for the CLARITY Act, a bipartisan bill aiming to establish a federal regulatory framework for cryptocurrencies. The Senate may hold a full vote on the bill during the week. **Economic Data:** The U.S. July Non-Farm Payrolls report will be released on August 7, providing crucial labor market data. **Technology & Product Updates:** * **Shutdowns:** DeFi portfolio tracker Zapper and wallet app Ctrl Wallet will cease operations on August 3. * **Upgrades:** LayerZero will deprecate its v1 relayers on August 3. XRP Ledger's new version 3.3.0, featuring five new functions, is expected next week. * **AI:** Elon Musk announced that the advanced Grok 4.6 AI model is set for release around August 7. * **Bitcoin:** The BIP-110 forced signaling for a potential Bitcoin network change is scheduled to begin around August 8. **Other Notable Events:** Chinese robotics firm Unitree Tech has set its preliminary price inquiry for its IPO for August 5. South Korean exchange Upbit will delist AQT and AERGO tokens on August 3.

marsbit43m ago

Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

marsbit43m ago

Stocks Are Plummeting More Sharply Than Cryptocurrencies. Where Has the Money Gone?

Stock Markets Plunge Deeper Than Cryptocurrencies: Where Did the Money Go? In late July, Seoul's Kospi index triggered circuit breakers for two consecutive days, plummeting over 40% from its June high. The collapse was led by heavyweight stocks like SK Hynix, whose record profits still disappointed investors, and devastating leveraged ETFs, with one major product losing over 83% of its value. This signaled a global, forced deleveraging targeting the most crowded trades. Interestingly, while stocks exhibited extreme volatility akin to crypto markets, Bitcoin rose nearly 15% in July after a prior steep drop. Analysis shows the money fleeing equities did not flow into Bitcoin. Instead, Bitcoin had already absorbed its sell-off in May-June, when U.S. spot Bitcoin ETFs saw historic outflows. The true safe-haven beneficiary was gold, whose price rose over 20% year-on-year, highlighting a decoupling between Bitcoin and gold as "digital gold." The sell-off was a targeted unwinding of leveraged positions in tech and semiconductors, accelerated by broker-dealer risk management and shifts in the AI narrative, including new competition from Chinese memory chipmakers. The retreat path was clear: from high-valuation tech stocks to cash and U.S. Treasuries, then to gold. For Bitcoin to attract sustained institutional inflows, conditions like eased global liquidity pressure, a "soft-landing" Fed rate cut, and U.S. regulatory clarity via legislation like the stalled CLARITY Act are needed. Currently, Bitcoin is not a safe haven but an already-cleared asset. Its low correlation with tech stocks, however, makes it a potential diversification play for institutional portfolios once the storm passes. The money isn't here yet, but the positioning is underway.

marsbit43m ago

Stocks Are Plummeting More Sharply Than Cryptocurrencies. Where Has the Money Gone?

marsbit43m ago

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

Ray Dalio, founder of Bridgewater Associates, warns in an interview that the current AI boom shows classic bubble characteristics, which could lead to significant economic downturns as seen in past cycles like 1929 or 2000. He explains that speculative enthusiasm, fueled by debt and overvaluation, often precedes a crash when rising rates or taxation force asset sales, causing widespread losses and recession. Dalio also outlines his "Big Cycle" theory, describing an approximate 80-year pattern where widening wealth gaps, massive government deficits, and shifting geopolitical power (like China's rise) create internal conflict and global instability. He emphasizes that we are in a late-cycle, transitional phase where traditional powers like the US and UK face decline. For personal wealth protection, Dalio advises diversification beyond cash into assets like stocks, bonds, real estate, and particularly gold, which he prefers over Bitcoin. While he holds about 1% of his portfolio in Bitcoin as a non-printable hard asset, he views gold as more secure from technological or governmental threats. Regarding AI's impact, Dalio believes it will disproportionately benefit capital owners, worsening inequality by replacing both physical and cognitive labor. He suggests that human intuition and emotional intelligence, combined with AI, will be key for future workers. On taxation, Dalio argues that wealth taxes are impractical and risk triggering asset sell-offs, reducing productive investment. He points to the UK as a cautionary example of debt, low productivity, and political strife. Geopolitically, Dalio foresees a more regionalized world, with the US showing weakness in prolonged conflicts like with Iran, akin to past imperial declines. The ideal outcome, he suggests, is coexisting powerful blocs (e.g., Americas, China-Asia Pacific) without major war.

marsbit4h ago

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

marsbit4h ago

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

South Korean stock market sees a dramatic shift in fund flows. On July 31, foreign investors made a record net purchase of approximately KRW 7.2 trillion in KOSPI stocks, marking a fundamental reversal from the persistent large-scale net outflows seen in previous months. This contributed to a significant narrowing of foreign net selling in July to KRW 9.8 trillion, down sharply from KRW 48.4 trillion in June and KRW 44.5 trillion in May. Simultaneously, domestic institutional pressure eased. South Korean pension funds and asset managers turned to a net buying position in July, purchasing KRW 1.0 trillion worth of KOSPI shares, contrasting with net sales in May and June. Market volatility is expected to be dampened by new financial regulations. Effective July 31, the Financial Services Commission tightened access for retail investors to single-stock leveraged ETFs by raising the minimum cash deposit requirement. Trading volumes for these products subsequently dropped to about 50% of their monthly average. Citigroup Research maintains its year-end KOSPI target of 10,000 points. The firm cites several supportive factors: the substantial easing of headwinds from capital outflows, a robust fundamental outlook for the semiconductor sector, historically low market valuations, strong economic fundamentals, and the potential for policy support from financial authorities if needed.

marsbit4h ago

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

marsbit4h ago

Trading

Spot

Hot Articles

How to Buy SUN

Welcome to HTX.com! We've made purchasing SUN (SUN) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy SUN (SUN) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your SUN (SUN)After purchasing your SUN (SUN), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade SUN (SUN)Easily trade SUN (SUN) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

7.6k Total ViewsPublished 2024.03.29Updated 2026.06.02

How to Buy SUN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of SUN (SUN) are presented below.

活动图片