- A blogger, Zeng Ying, accuses Tron founder Justin Sun of manipulating TRX prices and fleeing China illegally.
- She alleges Sun hacked her WeChat account to spread false rumors after she reported evidence to the SEC.
- The accusations follow Sun’s previous legal troubles, including a 2023 SEC lawsuit for alleged market manipulation.
A finance blogger, Zeng Ying, has launched explosive accusations against Tron founder Justin Sun this week, alleging market manipulation and a dramatic escape from China. The woman, who claims to be Sun’s ex-girlfriend, first accused him of artificially inflating TRX’s price before dumping it on retail investors.
She alleges this manipulation was conducted via Binance accounts registered to his Beijing employees. “The insider trading and predatory practices involving TRX on the Binance exchange are the source of his wealth,” she stated.
Consequently, Ying claims to have reported substantial evidence to the SEC. Sun described her claims as “FUD.”
Meanwhile, her latest disclosure includes an account from an alleged former employee. This source claims Sun smuggled himself out of China in a cargo truck in July 2018.
After these allegations, Ying claimed her WeChat account was hacked to fabricate messages. She stressed she “would never, under any circumstances, borrow money from Sun Yuchen.”
She claims she came forward after Sun broke a marriage promise. Furthermore, Ying announced she is not suicidal, implying her safety could be at risk.
The SEC previously sued Sun in 2023 over alleged TRX manipulation. Both parties continue to hold discussions, keeping the case paused.
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