The Commission has updated its complaint against Sun, stating that he spent over 380 days in the United States between 2017 and 2019. It is also alleged that Sun manipulated the TRX secondary market through wash trading during his business trips to major cities such as New York, Boston, and San Francisco. The SEC claims that entrepreneurs with controlled companies purposefully took actions in the United States directed against them. According to the SEC statement, Sun spent time in various cities during his 2019 business trips and rented an apartment where he stayed during some of these trips.
In the original lawsuit, the platform involved in TRX token wash trading allegations was unnamed. This time, the Commission clarified that it was the Bittrex exchange. The SEC alleges that Sun had personal communication with the platform team regarding TRX’s listing in 2018.