If TRON DAO –nee TRON – wasn’t enough to trigger a conversation, journalist Chris Harland-Dunaway’s research article The Verge I dropped the bomb. It blamed Tron founder Justin Sun for actions ranging from getting an ICO-banned chip-off to insider trading.
In a conversation with journalist Laura Shin, Harland Dunaway revealed details about the history of Tron’s founder.
Sunrise sunset
Harland-Dunaway talked about taking action on TRX. The journalist quoted his source as saying that Tron plans to buy the TRX before the good news about the coin is publicly available. As a result, Tron will raise the price of TRX before selling it. Harland-Dunaway said,
“… I spoke of lawyers working at the crossroads of cryptocurrencies and finance, their opinion was unanimous. You can file a lawsuit and the insider trading law applies to cryptocurrencies. The important thing is whether cryptocurrencies are considered security. “
He also talked about Sun’s attempt to hire a former SEC officer – David Labhart. – – And other lawyers consider TRX to be unsecured.
Later, Harland-Dunaway discussed the Sun-owned Poloniex. According to him, the venture is located in the Seychelles to make it difficult to initiate legal action against the exchange. Journalists also argued that Sun was pursuing citizenship in other countries, such as Malta, probably to flee US regulators.
Now, you may wonder how the sun is still rising. Harland-Dunaway argued that this was due to Sun’s strategy to physically escape from Chinese authorities shortly after the ICO ban was lifted. He also engaged in a “regulatory escape” by taking advantage of America’s slow judicial system for his benefit, journalists added.
Let me talk!
Justin Sun claimed that this article consisted of “false accusations and forged storytelling.” In particular, he defended the exchange’s reputation, focusing on KYC’s allegations of negligence aimed at Poloniex.
He also Added The exchange was not registered with Seychelles and did not serve US customers.
Sun went on to say,
“We reserve the right to seek legal remedies for falsehoods brought about by any organization. We are represented by Harder LLP as our legal counsel.”
However, it is important to note that most of the Harland-Dunaway sources remain anonymous.
International security issues …
Much of TRX’s legal entanglement leads to the fundamental question of whether cryptography is secure. This then brings us to the ongoing SEC vs. Ripple case where the court is trying to make the same decision about XRP.
Most recently, the court dismissed the SEC’s motion to attack Ripple’s justice defense. This update is very important for blockchain companies. This also ignited the hope that the verdict would benefit XRP holders.
