Following the weekend news, Justin Sun tweeted to reassure Tron and Huobi customers that he remained a free man, while Huobi issued a blog post insisting that the exchange "is operating as usual."
Most prominent exchanges are likened to casinos and tokens as chips, with no practical purpose, leading to crypto wash trading being endemic to the digital asset sector.
May is taking a bad turn on Binance as the exchange is under investigation for violating economic sanctions against Russia, opening up another front in its long-running war against compliance.
Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will result in a default judgment against him.
The U.S. securities regulator charged several well-known celebrities, including actress Lindsay Lohan and social media personality Jake Paul, with participating in paid promotional schemes for digital assets without disclosing their compensation.
The SEC claims TRX and BTT prices were driven by "wash trading," Sun and his employees manipulated prices for those assets with over 4.5 - 7.4 million tokens used in 600,000 fake trades between 2018 and 2019.
Changpeng Zhao leverages FTX's downfall to paint a picture of Binance as a savior of fallen digital asset projects in a bold attempt to wash away the reputational stains of the 'crypto' industry.
This week’s dramatic implosion of the FTX exchange continues to disgorge a seemingly nonstop parade of machinations and sordid revelations that threatens to engulf the entire digital asset sector.
In this post, Data Finnovation provides convincing evidence from novel on-chain analysis showing how a real digital currency use case works.
The “crypto bros” self-serving response to Russia’s war on Ukraine is providing all the ammunition regulators need to bring the hammer down on their laser-eyed heads.
The suspects were accused of using misleading information and photos of beautiful women to lure mostly older and retired men to their scam, Taiwanese authorities said.
The Tron Foundation has petitioned a New York federal court to dismiss a “fatally flawed” class action lawsuit against it.
