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SEC Charges Celebrities in Crypto Scheme

source-logo  barrons.com 22 March 2023 18:15, UTC
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The Securities and Exchange Commission charged crypto asset entrepreneur Justin Sun and three of his companies with the unregistered offer and sale of crypto asset securities Tronix ($TRX) and BitTorrent ($BTT).

The SEC also charged Sun and his companies for paying eight celebrities and social media influencers to tout $TRX and $BTT without telling their fans and followers that they were being paid to do soand how much they were being compensated, as required.

barrons.com