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

TheNewsCryptoОпубліковано о 2026-02-02Востаннє оновлено о 2026-02-02

Анотація

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

Пов'язані питання

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).

Пов'язані матеріали

A Clod of Chinese Soil Chokes Two Japanese Giants

"Chinese Soil Chokes Japanese Giants" The production of a key electronic specialty gas, tungsten hexafluoride (WF6), vital for manufacturing AI chips, was halted by two leading Japanese producers—Kanto Denka and Central Glass. Their shutdown was not due to a technological failure but a sudden, critical shortage of a raw material they had long taken for granted: ultra-high-purity (6N-grade) tungsten powder, which is almost entirely sourced from China. Following a quiet Chinese export announcement in January 2026, tungsten powder shipments to Japan dropped to zero for months. Despite frantic efforts, Japanese companies found no viable alternative; imported powder was three times more expensive and lacked the required purity. Their existing stockpiles were exhausted by mid-2026. WF6 is essential for depositing tungsten into the microscopic contact holes of High Bandwidth Memory (HBM) chips, which are crucial for advanced processors like those from Nvidia. While Japanese firms had mastered producing ultra-pure WF6 gas, their entire supply chain relied on China's 6N tungsten powder—a dependency now revealed as a fatal vulnerability. China's dominance in this "soil" results from decades of painstaking R&D by companies like Xiamen Tungsten and China Tungsten & Hightech. They overcame immense technical hurdles, such as separating chemically similar molybdenum from tungsten, to achieve mass production of the world's purest tungsten powder. With their primary suppliers gone, Kanto Denka and Central Glass announced a permanent halt to WF6 production starting July 1, 2026. This immediately created a supply crisis for major semiconductor manufacturers like Samsung and SK Hynix, forcing them to urgently seek and certify new Chinese suppliers for WF6 itself. The reversal marks a dramatic shift: China has moved from exporting low-value raw materials to controlling the high-purity foundation of a critical global tech supply chain, upending a long-established industrial hierarchy.

marsbit18 хв тому

A Clod of Chinese Soil Chokes Two Japanese Giants

marsbit18 хв тому

From Identity Protocol to AI Gateway: How Ambitious Is World?

The article discusses Worldcoin's (WLD) evolution from a "proof of personhood" network to a potential identity infrastructure for the AI era. Initially focused on unique digital identities via iris scans, Worldcoin faced skepticism over real-world use cases. However, entering "The Simple Plan" Phase 3, it's shifting from token incentives to utility-driven growth. Key applications are emerging: enterprise solutions (e.g., deepfake verification with Zoom, Okta), consumer use cases (e.g., reducing bots on Tinder or in ticket sales), and notably, the AI Agent sector via AgentKit, which aims to establish trusted authorization between humans and AI agents. The author argues AI's proliferation makes authentic human identity a scarce and valuable resource. Worldcoin's strategy is now focused on key markets for network effects and developing self-service Orb hardware to scale sustainably. The launch of World ID 4.0 introduces a fee model for issuers/protocols, creating a potential revenue stream. In conclusion, WLD's rise reflects a market reassessment. Worldcoin's ambition is to become the foundational identity layer and crucial entry point for the coming AI Agent economy, moving crypto narratives beyond finance into verifiable human identity.

marsbit46 хв тому

From Identity Protocol to AI Gateway: How Ambitious Is World?

marsbit46 хв тому

Without Tencent, What's Left for Suiyuan?

The article centers on the crucial question posed in the title: what is Seyond Technology really worth if its dominant customer, Tencent, were to stop purchasing its AI chips? As the last of China's "Four AI Chip Dragons" to secure approval for a public listing, Seyond's IPO filing reveals a profound and controversial dependency. In 2025, 74.9% to over 80% of its revenue came from Tencent. The piece argues that this extreme customer concentration is not merely a vulnerability but a strategic outcome of China's AI industry evolution. It contrasts Seyond's path with its peers (Moore Thread, Biren Technology, and MetaX), noting that while others raced to market with ambitious stories, Seyond focused first on securing and delivering for a major client. Its explosive revenue growth—with Q1 2026 up 1474.85% year-on-year—is driven by concentrated orders from Tencent, which itself faces massive, escalating AI compute demands for products like its Yuanbao and Hunyuan models. The relationship is framed as a deliberate, symbiotic cultivation of a supply chain. As both a major shareholder (20.26%) and primary client, Tencent is actively fostering Seyond to build a controllable, stable alternative to NVIDIA, similar to how global tech giants historically nurtured key suppliers. The high switching costs—involving software stacks and deployed systems—create a deep "ecological moat" for Seyond within Tencent's ecosystem. The analysis positions the AI chip landscape in three tiers: NVIDIA as the global leader, Huawei's Ascend as the state-backed player, and commercial firms like Seyond competing for market orders. Seyond is increasingly seen as "Tencent's compute foundation," with its product roadmap closely aligned with the tech giant's needs. The conclusion is that the industry's metric for success is shifting from fundraising and technical specs to real orders, delivery capability, and ecosystem binding. Seyond's value, therefore, lies not just in its chips but in holding a massive, multi-year procurement order from China's largest internet company—a tangible asset arguably more telling than any technical whitepaper in the current climate. The core insight is that for domestic chips, the ultimate challenge isn't just catching up technologically with NVIDIA, but earning the trust, scenarios, and recurring orders from a major anchor client.

marsbit1 год тому

Without Tencent, What's Left for Suiyuan?

marsbit1 год тому

BTC Market Pulse: Week 25

Bitcoin is attempting a modest rebound from oversold levels, but structural data indicates stabilization, not a trend reversal. Key shifts include a move from selling to buying pressure in perpetual futures and a near-flattening of spot selling. However, the bounce lacks conviction, evidenced by a 40% drop in spot volume and declining open interest, suggesting it is driven by short covering rather than new bullish bets. Market fear has receded sharply, with volatility spreads collapsing and ETF outflows narrowing. On-chain activity is subdued, with falling transaction volumes and continued capital exit. While capitulation is slowing and the supply is shifting to longer-term holders, profitability remains stressed. The overall picture is of a market building a consolidation base, lacking the volume and fresh institutional capital needed for a confirmed reversal.

insights.glassnode1 год тому

insights.glassnode1 год тому

War Trade Unwinding | TradeXYZ Weekend Observations

Weekend markets saw a clear return of risk appetite. Major indices rose broadly, with significant gains in tech and precious metals, while energy sectors fell sharply on the "end of war" narrative. On June 14, oil prices initially rose on reports Iran had not yet finalized a memorandum of understanding. Later, YNET reported Trump might immediately lift the maritime blockade on Iran and the Strait of Hormuz. At 21:30, Trump confirmed on Truth Terminal that a deal with Iran was done, authorizing an immediate end to the US blockade and toll-free opening of the Strait. Iran's deputy foreign minister simultaneously announced an immediate and permanent halt to military actions on multiple fronts. Oil prices had already fallen to weekend boundaries, pre-pricing the news. The S&P 500 subsequently touched 7530. Markets will likely remain in a waiting period until the formal peace deal signing on June 19. At the moment of the deal announcement, gold jumped from ~4,221 to a high of 4,337, and silver from ~67.85 to 70.83, before stabilizing at higher levels. Individual stocks and ETFs like NBIS, RKLB, and LITE performed strongly. NBIS, added to the Nasdaq index, saw a target price increase due to strong AI cloud growth. RKLB, also added to the index, benefited from positive SpaceX valuation sentiment. LITE received a $1,130 target from JPMorgan. SPCX rose quickly after Musk tweeted SpaceX could potentially reach ~$1 trillion in revenue by 2030. In summary, the market shock from the multi-month war is beginning to dissipate. Israel's actions remain the key variable before the June 19 signing. Upcoming events like Fed Chair Warsh's debut and BoJ rate hike expectations will also significantly impact markets this week.

marsbit1 год тому

War Trade Unwinding | TradeXYZ Weekend Observations

marsbit1 год тому

Торгівля

Спот

Ф'ючерси

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни SUN (SUN).

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

Анотація

The Concrete Evidence

Пов'язані питання

Пов'язані матеріали

A Clod of Chinese Soil Chokes Two Japanese Giants

From Identity Protocol to AI Gateway: How Ambitious Is World?

Without Tencent, What's Left for Suiyuan?

BTC Market Pulse: Week 25

War Trade Unwinding | TradeXYZ Weekend Observations

Торгівля

Популярні статті

Як купити SUN

Обговорення