Sun Yuchen submitted 10 million USD, and the US SEC has withdrawn the charges against Sun. Sun is now innocent again.
The SEC accused Sun Yuchen of instructing employees to conduct over 600,000 "wash trades" between two cryptocurrency trading accounts he controlled from April 2018 to February 2019, creating a false appearance of active TRX trading to mislead investors and earning approximately 31 million USD in illegal profits. But the charges have now been lifted. $TRX $BTTC
The SEC accused Sun Yuchen of instructing employees to conduct over 600,000 "wash trades" between two cryptocurrency trading accounts he controlled from April 2018 to February 2019, creating a false appearance of active TRX trading to mislead investors and earning approximately 31 million USD in illegal profits. But the charges have now been lifted. $TRX $BTTC