Justin Sun denies the allegations
The Verge has published high-profile allegations against TRON founder Justin Sun. It is alleged that Sun has used TRON and Poloniex for a variety of offences, leading to an investigation by the US Securities and Exchange Commission and the FBI into more than a dozen charges. He is also said to run a Beijing-based insider trading group. This group of people bought TRX in advance, knowing information that TRON was about to make a major announcement.
In a series of posts on Twitter, Sun called the information provided to The Verge false, adding that Poloniex enjoys robust risk management tools and strong financial resources.
In addition, the exchange has always sought to cooperate with regulators and has invested in modern and industry-standard user identity verification tools, Sun said.
He also denied that the exchange is based in the Seychelles, adding that it also does not cater to US clients.
Justin Sun is one of the most controversial figures in the crypto industry. He founded TRON in 2018, bought software company BitTorrent at the same time, and invested in cryptocurrency exchange Poloniex in 2019. In the past, San has attracted increased attention in various ways. For example, he has bought dinner with Warren Buffett and a seat on the Blue Origin rocket. He recently announced his departure from TRON.