A woman who claims to be Justin Sun’s ex-girlfriend claimed on Sunday that the cryptocurrency billionaire manipulated the market to pump up the price of him Tron (CRYPTO:TRX) sign.
Serious accusations against the founder of Tron
Zeng Yingwho describes herself as a financial blogger and a “Crypto OG,” said she dated Sun in the early days of Tron, the Layer-1 blockchain he founded in July 2017.
Zeng said Sun used the identities and mobile phones of several employees in Beijing to manage various accounts at the company Binance (CRYPTO: BNB) stock exchange. As a result, he conducted “coordinated buying and selling” on the exchange to artificially inflate the price of TRX, she added.
“I am willing to fully cooperate with any SEC investigation and to submit all relevant WeChat chat data as well as evidence provided to me by its employees that proves its market manipulation activities,” Zeng said.
Zeng said she has a “substantial amount of evidence,” and what she has revealed so far is just the tip of the iceberg.
“The insider trading and predatory practices involving TRX on the Binance exchange are the source of his wealth,” she added.
The mysterious profile
The revelation shocked many, with some demanding responses from Sun, while others wondered why Zeng had remained silent for eight years.
The account, based in Japan, was created in November 2015 and verified last September. Interestingly, despite highlighting achievements such as Forbes 30 Under 30 2019 and TEDx talks, the biography contains no supporting links.
Sun did not immediately return Benzinga’s request for comment on the allegations.
A controversial figure
Sun, with an estimated net worth of $8.5 billion, is no stranger to the cryptocurrency space.
Price promotion: At the time of writing, TRX was exchanging hands at $0.2819, down 1.29% in the past 24 hours, according to data from Benzinga Pro. The coin has risen 16.41% over the past year.
Disclaimer: This content was produced in part with the help of Benzinga Neuro and was reviewed and published by Benzinga’s editorial staff.
Photo courtesy: Alexandru Nika on Shutterstock.com
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