SEC Delays Case as Justin Sun Nonchalantly Travels to the U.S. for Photo Opportunity with Trump; Private Fund Partner Furious: This Behavior is Disgusting
Recently, a party for holders of Trump coins was held on the U.S. mainland, where the largest holder, SUN, confirmed to be Justin Sun, the founder of the Tron blockchain. He also made a grand appearance at the banquet. However, Adam Cochran, a partner at private fund Cinneamhain Ventures, pointed out that Justin Sun’s arrogant behavior is simply disgusting. He stated that if you vote for Trump because you think he is the “crypto president,” the only representative of that is scoundrels like Sun.
Justin Sun was only able to have his SEC case postponed after becoming a WLFI advisor
Adam Cochran, a partner at private fund Cinneamhain Ventures, stated on Twitter that Justin Sun has been under investigation by the U.S. Department of Justice (US DoJ) for fraud, money laundering, and theft for many years. His case with the U.S. Securities and Exchange Commission (SEC) was only dismissed after he purchased $75 million worth of Trump $WLFI tokens.
The author adds: The Wall Street Journal reported at the end of February that the SEC proposed to postpone the case involving Justin Sun and his three companies for 60 days, but no announcement regarding the dismissal of the complaint has been seen yet. The SEC filed a lawsuit against Justin Sun and his three companies in March 2023, accusing them of manipulating the prices of tokens previously issued to the public. The regulatory agency claimed that Justin Sun instructed employees to inflate the trading volume of TRX through wash trading, which involves buying and selling tokens among themselves. At that time, the SEC stated that Sun was suspected of more than 600,000 abnormal TRX transactions, which occurred between two trading accounts he controlled.
Private fund partner: If voting for Trump is solely because he is the crypto president, Sun is the only representative
Adam Cochran pointed out that despite the Department of Justice not officially dismissing his case or arrest warrant, he is dining with the U.S. President on American soil and taking pictures after purchasing $1 million worth of Trump meme coins. He expressed that this behavior is completely disgusting, and such corrupt actions should be impeached immediately; this vile propaganda makes the industry appear entirely criminal and fraudulent. He sternly accused that if you vote for Trump because you think he is the “crypto president,” the only representative of that is scoundrels like Sun.
Risk Warning
Investing in cryptocurrency involves high risks, and its prices can be highly volatile, potentially resulting in the loss of your entire principal. Please assess the risks carefully.
