Few hours ago I saw lots of tweets of Justin sun getting arrested but videos were circulating where we saw Justin Sun in a crypto event socialising and also tweeted the number 4 after some few hours. Weeks ago Justin Sun was sued by SEC by manipulating the price of TRX through celebrities. This was in march, but shortly after the rumours of Justin Sun’s arrest, Binance U.S tweeted about the delisting of TRX from Binance U.S, due to some investigations they feel, TRX is not worth being listed and had violated some regulatory rules.
As usual, the value of TRX dumped, but just a little, not as much as I expected, now lets talk about the SEC sue how Justin Sun manipulated the price of TRX by paying celebrities to promote TRX, he was also accused of wash trading TRX and making $31 Million illicitly, but all these crimes were not committed recently, these were crimes that were committed in 2018. I know lots of people dont like Justin Sun even though he tries to portray himself as a crypto messiah, but these recent accusations are adding more reasons for people to dislike him. Heard about the Steem hostile takeover which motivated the Hive fork, I see that Justin Sun is constantly trying to put himself in positions to look like he is in control in the crypto world.
He sure has a lot of money, although rumour has it that he is making the money illicitly, don’t know how true that is. Binance U.S delisting TRX definitely won’t have much impact on TRX as that exchange is specifically for people living in the state, and I am sure the delisting was made by Binance U.S just to be on the good side of regulators, because, Binance has been under fire from these regulators. If TRX got delisted from the major Binance app that is the general Binance, then we might have seen huge major dump on the TRX coin, because TRX has a huge trading volume on Binance.