Tron Founder Justin Sun Sued by U.S. Regulator Over Crypto Sales

Tron founder and cryptocurrency entrepreneur Justin Sun and three of his companies are being sued by the U.S. Securities and Exchange Commission (SEC) for alleged violations of the country’s securities law, including fraud and manipulating the prices of their crypto assets.

Actress Lindsay Lohan and seven other celebrities are also being sued for allegedly touting Sun’s cryptocurrencies without revealing they were paid to do so, the commission said in an announcement Wednesday.