According to a court document filed on April 12, a US district court summoned Justin Sun, the founder of TRON and potential owner of the Huobi exchange, regarding charges previously brought by the SEC (United States Securities and Exchange Commission). The document, addressed to two addresses in Singapore, informs Sun of the filing of a complaint against him by the SEC and gives him 21 days to respond to Adam Gottliebmember of the DRY. Sun must also file its response or motion with the court.
Justin Sun Responds to SEC Accusations
If Sun does not respond within the allotted time, it could face a default judgment. Although Sun did not explicitly comment on the summons, he published the figure “4” on Twitter at the time the message was delivered. The number 4 posted on Twitter generally conveys an “anti-FUD” message. The process was used by the CEO of BinanceCZbut also by Justin Sun Himselfwhen rumors regarding his arrest in Hong Kong were circulating on Twitter.
When the DRY announced its charges against Sun a few weeks ago, he responded by saying that the complaint “lack of foundation” and supporting the legitimacy of its projects crypto. Sun was sued by the SEC on March 22 for his involvement in TRON, BitTorrent and the crypto currencies associated. The regulator accused Sun to participate in offers of unregistered securities (securities) and in transactions of wash trading illegal involving crypto currencies.
There DRY also named other individuals, businesses and celebrity promoters in connection with these charges. Most celebrity promoters have already reached an agreement with the SECbut the consequences for Sun and his plans remain uncertain as he faces this summons from a US court.
The article Justin Sun summoned to US court over SEC allegations appeared first on Corner Academy