Justin Sun Faces TRX Manipulation Claims From Former Partner

• Justin Sun’s former girlfriend alleges identity misuse and coordinated TRX trading on Binance.
• She claims employees’ accounts were used to inflate prices before large sell-offs.
• The claims echo earlier SEC allegations against Sun over market manipulation.

Justin Sun’s former girlfriend, Ten Ten, has accused the TRON founder of identity fraud and large-scale TRX price manipulation on Binance. In a post on X, she alleged that the price manipulation occurred during the early stages of TRON’s development. She also mentioned that she is prepared to cooperate with U.S. regulators and submit evidence.

Allegations of Coordinated Trading

Ten Ten said she dated Sun when he was building TRON and launching the TRX token. She alleged that Sun used the identities and mobile phones of multiple employees to register numerous Binance accounts.

According to her account, those accounts were then used to conduct coordinated buying and selling of TRX. She noted the activity was designed to create artificial demand and inflate the token’s market price. Once prices rose, she claimed, large volumes of TRX were sold into the market.

She alleged that these sell-offs shifted losses to retail investors while generating substantial profits for Sun and related parties. The statement did not specify the exact time period or total value involved.

Claimed Evidence and Offer to Cooperate

The accuser emphasized she possesses evidence to support her claims. She stated that the materials include WeChat chat records and information provided by employees who were allegedly involved.

She said she is willing to fully cooperate with an investigation by the U.S. Securities and Exchange Commission. She also asked U.S. judicial authorities to contact her and requested that the allegations be widely shared.

At the time of publication, neither the SEC nor other U.S. authorities has confirmed whether they are reviewing the claims.

No Response From Sun or Binance

Justin Sun has not publicly responded to the allegations. Binance has also not commented on the claims. The exchange has previously said it cooperates with regulators and enforces policies against market manipulation.

The accusations remain unverified. No new legal action has been announced in connection with the statement.

Alignment With Prior SEC Claims

The allegations closely resemble charges previously brought by the SEC. In 2023, the agency accused Sun and several affiliated entities of market manipulation, including wash trading of TRX to create misleading trading activity.

The SEC also alleged that Sun paid celebrities to promote crypto assets without proper disclosure. Sun has denied wrongdoing in connection with those charges.

Earlier this year, the SEC paused its civil case against Sun. The agency has not publicly explained the reason for the decision.

Broader Scrutiny of Crypto Practices

Recent reports highlighted Sun’s growing political and financial ties in the United States. The outlet reported that Sun invested about $75 million in a cryptocurrency project linked to World Liberty Financial, a venture associated with the Trump family. The report said the structure of the deal directly benefited President Donald Trump by about $50 million.

Market manipulation remains a key concern for regulators overseeing digital asset markets. Practices such as wash trading and coordinated account activity are prohibited under U.S. law when they involve fraud or securities violations.

Related: Justin Sun Predicts a Better Year for Tron After an Impressive 2025