Tron Founder Justin Sun has again found himself in fresh allegations after a woman named Ten Ten, who claims to be his ex-girlfriend, shared a series of posts on X accusing him of manipulating the price of TRX.
The claims have drawn attention across the crypto community, and calls for stricter action from law enforcement agencies.
Justin Sun Accused of TRX Market Manipulation
In a recent tweet post on X, Ten Ten said she is not making baseless accusations and claims to hold extensive evidence.
She alleged that Justin Sun used the identities of several employees in Beijing to operate multiple Binance accounts in late 2017 and early 2018. According to her, these accounts were used to carry out coordinated buying and selling of TRX in order to push prices higher.
She alleged that these actions were meant to artificially increase TRX’s market capitalization. Once prices rose, she claimed large-scale sell-offs followed, allowing insiders to profit while retail investors faced losses.
Claims of Media Hype and Insider Practices
Ten Ten also alleged that Justin Sun used media exposure and public hype to build excitement around TRX. She claimed this created an image of innovation and success, while the real activity involved insider trading and coordinated trades behind the scenes.
According to her, insider trading and coordinated trades were taking place, and these actions played a key role in growing Justin Sun’s wealth.
She also shared the names of twelve people from mainland China, alleging they worked under Justin Sun and took part in these activities. The names included Liu Tingting, Zhao Ling, Wei Shuai, Du Xuewen, Zhang Xin, Huang Kaijie, Han Min, Liu Jintong, Quan Yueyuan, Jiang Nijun, Liu Siqin, and Zhao Jitong.
Why Ten Ten Was Silent For These Years
Ten Ten said she was in a personal relationship with Justin Sun during Tron’s early days, which she claims gave her direct knowledge of these events.
She added that she stayed silent for years out of fear, saying money, influence, and power kept her from speaking earlier, but that fear is now gone.
She then followed up with a joke that, “I also have an ‘Epstein files’ of the crypto world.”
Willingness to Cooperate With U.S. Authorities
Lastly, Ten Ten said she is prepared to cooperate fully with an investigation by the U.S. Securities and Exchange Commission. She claimed to hold WeChat chat records, emails, exchange activity logs, phone data, and employee-provided evidence to support her allegations.
She also publicly requested U.S. authorities to contact her.
As of now, Justin Sun has not publicly responded, and no official action from regulators has been announced.
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FAQs
If authorities verify the claims, he could face fines, sanctions, or SEC enforcement actions for market abuse.
Insider trading can harm investor trust, reduce market liquidity, and trigger regulatory investigations.
Diversify holdings, research projects carefully, avoid hype-driven trades, and monitor market activity for red flags.
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