Justin Sun Hit by Explosive Market Manipulation Claims as Alleged Ex-Girlfriend Offers Evidence to SEC
Tron founder Justin Sun faces renewed scrutiny after a girl claiming to be his former girlfriend publicly accused him of orchestrating large-scale market manipulation throughout TRX’s early years.
Allegedly, the controversial crypto govt used a number of Binance accounts to inflate costs earlier than dumping tokens on retail traders.
Justin Sun Accused of Using Binance Accounts to Manipulate TRX
The accuser, figuring out herself as Ten Ten (Zeng Ying), acknowledged that she was romantically concerned with Sun throughout TRON’s launch and early progress phases.
She alleges that Justin Sun instructed a number of Beijing-based workers to use their private identities and cellphones to register quite a few Binance accounts. These have been then utilized in coordinated buying and selling exercise.
Allegedly, these accounts performed aggressive shopping for to artificially increase TRX’s price and market capitalization in late 2017 and early 2018.
Large-scale sell-offs adopted, allegedly dumping tokens on retail traders and producing what she described as “monumental unlawful earnings.”
“I’m in possession of proof exhibiting that he used the identities and cellphones of a number of workers to register quite a few Binance accounts,” she wrote.
Ten Ten claims to maintain WeChat chat information, insider testimony from workers, and extra documentation. She emphasizes that what has been disclosed publicly up to now represents “solely a really small portion” of the fabric.
Further, the woman states her willingness to totally cooperate with any investigation by the US SEC. She additionally urges the authorities to contact her.
There’s Precedent Despite Ten Ten’s Unverified Claims
While the claims stay unverified, they carefully echo allegations beforehand made by the SEC. In March 2023, the regulator filed a civil lawsuit towards Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (previously BitTorrent).
The securities regulator accused them of unregistered offers and sales of TRX and BitTorrent Token (BTT), as effectively as intensive market manipulation.
In that grievance, the SEC alleged Sun engaged in wash buying and selling. Reportedly, he executed over 600,000 trades between April 2018 and February 2019. Reportedly, he used managed or nominee accounts to create synthetic buying and selling quantity and worth stability with out real modifications in possession.
The company additionally accused Sun of orchestrating undisclosed paid superstar promotions to hype the tokens. The SEC mentioned the scheme generated roughly $31 million in unlawful proceeds.
The earlier case didn’t explicitly reference worker identities or Binance accounts. However, the core allegations carefully align with Ten Ten’s account of TRX’s early buying and selling exercise. These are:
- Coordinated buying and selling
- Artificial quantity inflation, and
- Insider profit-taking
The SEC case was stayed in February 2025. This was shortly after studies emerged that Sun had invested millions into Trump family–linked crypto ventures, together with World Liberty Financial, allegedly benefiting Donald Trump by round $50 million.
The pause, which has since been prolonged, drew criticism from US Representatives Maxine Waters, Sean Casten, and Brad Sherman in mid-January 2026.
In a letter to SEC Chairman Paul Atkins, the lawmakers questioned the company’s obvious retreat from crypto enforcement. They cited paused or dropped instances involving Sun, Binance, Coinbase, and Kraken, and warned of a possible “pay-to-play” dynamic tied to political affect.
“The SEC’s request to keep the Sun litigation, and subsequent efforts to settle the matter, might have been unduly influenced by Sun’s relationship with the Trump household, together with his important monetary contributions to their companies,” they wrote.
In her statements, Ten Ten framed her choice to come ahead as each private and ethical. She reveals:
- Witnessing alleged exploitation of retail traders
- Money laundering, and
- The use of wealth to manufacture reward and political safety.
She additionally publicly appealed to Donald Trump and Eric Trump to distance themselves from Sun, questioning the integrity of US justice in gentle of such ties. She mentioned she is preserving proof securely and fears for her private security.
Sun has not addressed the substance of the allegations. His solely public response was a quick put up on X stating, “Ignore the FUD and maintain constructing & holding.”
Neither Binance nor the SEC has issued public feedback on the brand new claims as of February 1, 2026.
It is not possible to ignore the truth that allegations from former companions warrant warning due to potential private bias.
Still, the extent of element, their alignment with prior SEC findings, and their emergence amid broader political and regulatory scrutiny give the claims weight past mere social media drama.
If substantiated, they may intensify strain for renewed examination of TRON’s early buying and selling practices, enforcement consistency, and the position of affect on the intersection of crypto, politics, and regulation.
TRON’s TRX token was buying and selling for $0.2843 as of this writing, down by a modest 0.5% within the final 24 hours.
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