Archblock founder sues Justin Sun for a secret takeover of Trueusd (TUSD) by dubious means

Archblock founder sues Justin Sun for a secret takeover of Trueusd (TUSD) by dubious means

Archblock founder sues Justin Sun for the purchase of TUSD by straw men and camouflage companies.

Tron founder Justin Sun was sued again, this time by the Archblock founder who wants to remain anonymous. The lawsuit says that Sun has acquired in secret dubious TUSD by using various camouflage companies and straw men. These allegations come only a few months after the US stock exchange supervision SEC SUN has sued for trade in non-registered securities and wash trading.

Trueusd (TUSD) is a so -called stable coin that is bound to the dollar course. It was rumored that Justin Sun was the secret owner of the project, but both Sun and the Trueusd team denied these claims.

According to the application, SUN kept his participation in Tusd secret and used various camouflage companies and straw men for the purchase. The lawsuit also claims that SUN manipulated the cryptoma market with his TuSD purchase.

The crypto community sees Suns credibility and integrity in danger, especially after earlier controversy in which it was involved. In March, the SEC charges against Sun because he paid celebrities to advertise Trx and BTT for his cryptocurrencies. Neither Sun nor the celebrities have opened these payments, which violates the legal regulations.

The complaint of the SEC against Sun was made before the recent allegations of the acquisition of TUSD. SEC chairman Gary Gensler emphasized the need for an appropriate disclosure of crypto-assets. With their non-registered offers and sales, Sun and his companies not only damaged US investors, but also made illegal profit at the expense of investors. In addition, you have operated water trading to accommodate an active trade in TRX. In addition, Sun and its prominent promoter advertising campaigns, in which the celebrities did not openly revealed that they were paid for it.

Sun has also been accused of offering and selling Trx and BTT via non-registered incentive programs. He is said to have instructed his employees to carry out Wash trades with TRX to manipulate the trading volume and the course. This was between two crypto trading platforms controlled by Sun. Between 4.5 million and 7.4 million TRX were traded every day.

The Archblock founder's complaint again shows that Sun has used unethical practices to achieve his own financial profit. Although the tron course has dropped slightly in the last 24 hours, it still has a weekly win of over 3 percent. It remains to be seen how the lawsuit will develop against Sun and whether further legal steps will follow.