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Tron’s TRX Plummets 11% After U.S. SEC Sues Justin Sun For Securities Violations

The United States Securities and Exchange Commission (SEC) on Wednesday charged Tron founder Justin Sun and three of his firms, including digital asset network company Tron Foundation for market manipulation, fraud, and airdropping unlicensed securities to investors.

TRX recoiled 11.10% in the span of 30 minutes on the SEC charges. The price of other Sun-linked tokens such as BTT and Just (JST) also plunged, according to CoinGecko data.

TRON TRON $0.19
+5.21%
SEC Justin Sun
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