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Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an […]Powered by WPeMatico
The Tron Foundation has filed a motion to dismiss a lawsuit from plaintiffs alleging securities violations with its $70 million 2017 ICO.
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Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam comes a few weeks after […]
The post Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen appeared first on Bitcoin News.
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Asian cryptocurrency exchange Okex says peer to peer trading is now open but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is now active as well but he fails to give a timeframe for the resumption of withdrawals. In an earlier […]
The post P2P Trading Resumes on Okex While Withdrawals Freeze Still in Effect: Tron Foundation Announces Cashout Plan for TRX Holders appeared first on Bitcoin News.
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Several cryptocurrency projects have locked up part of their supply a while ago. TRON is no exception, as its lockup occurred in December of 2017. It now appears that this funds is back under control of the TRON Foundation. Plenty of TRON to go Around That in itself is not necessarily something to be concerned about. Some may feel uneasy knowing that the Foundation controls roughly $400 million worth of TRX at this time. This will undoubtedly spark serious speculation and potentially some FUD. With one-third of the supply in circulation, anything can happen. It is not in the best
The post TRON Foundation Regains Control Over $400 Million in TRX appeared first on The Merkle Hash.
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