U.S. court summons Justin Sun over SEC charges U.S. court summons Justin Sun over SEC charges
Sun has 21 days to respond. He has seemingly branded the development FUD.
1 min read
Updated: Jul. 17, 2023 at 6:40 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
A U.S. district court has summoned former TRON CEO Justin Sun over charges previously filed by the U.S. SEC, according to a court document filed April 12.
That document, directed to two Singapore addresses, informs Sun that the U.S. Securities and Exchange Commission has filed a lawsuit against him.
It says that within 21 days of receiving the summons, Sun must respond to SEC member Adam Gottlieb. Sun must file his answer or motion with the court as well.
If Sun does not respond, he will face default judgment.
Justin Sun has not explicitly commented on the summons. However, on Twitter, he posted the number “4” around the time of the message — alluding to Binance’s shorthand for its rule of “ignor[ing] FUD, fake news, attacks, etc.”
When the SEC announced its charges weeks ago, Sun responded by asserting that the complaint “lacks merit” and by asserting the legitimacy of his cryptocurrency projects.
Sun was initially sued by the SEC over his involvement in TRON, BitTorrent, and related cryptocurrencies on March 22. The regulator alleged that Sun had participated in unregistered securities offerings and illegal wash trading involving cryptocurrency.
Other individuals, companies, and celebrity promoters were also named in connection to those charges. Most celebrity promoters have settled with the SEC.
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Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
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TRON is one of the largest blockchain-based operating systems.
Justin Sun has carved a name for himself as a leading figure in the blockchain sector.