TL;DR
- Justin Sun called Zeng Ying’s allegations “unequivocally false” and said Tron cooperates with global law enforcement against fraud.
- The dispute resurfaces as the SEC’s 2023 case remains paused since late February 2025, and commenters watch for next steps again.
- Tron Inc. bought 175,507 TRX at $0.28 for just over $49,000, lifting holdings to 679.9 million TRX; Tron cited 100 million monthly active addresses and $82.915 billion USDT.
Justin Sun, founder of Tron, denied fraud allegations from Zeng Ying, who describes herself as his ex-girlfriend, calling them “unequivocally false” and saying Tron cooperates with global law enforcement. Sun is trying to reposition the dispute as a compliance and user-protection issue rather than a personal scandal. Zeng’s posts allege fraud, market abuse, and internal coordination, including trading activity and cash-outs she says hurt retail traders. Sun said his team works with authorities to crack down on embezzlement, fraud, hacking, and other cybercrime. He urged users to stay vigilant this week.
Allegations meet an SEC overhang and a fresh TRX buy
Zeng’s accusations also revived debate about Sun’s wealth after founding Tron and TRX in 2017, with claims of aggressive cash-outs in late 2017 and early 2018. The allegations are landing while earlier enforcement pressure remains unresolved, keeping reputational risk elevated. Sun was sued by the SEC in 2023 over alleged unregistered securities offerings and market manipulation, and the case was paused in late February 2025 as the agency explored a potential settlement. The report notes some online commenters argue the dispute could intensify if that case resumes. Sun denies any wrongdoing in full.
Against that backdrop, Tron Inc., a Nasdaq-listed company, disclosed a new TRX purchase and Sun publicly endorsed the accumulation strategy. The company is framing token buying as a treasury play designed to enhance long-term shareholder value during a market dip. Tron Inc. said it acquired 175,507 TRX at an average price of $0.28, investing just over $49,000 and lifting holdings to 679.9 million TRX worth about $540 million. TRX fell 2% over the last 24 hours, and the update says the token has tracked the broader market spiral. Sun called it disciplined dip buying.
The update argues Tron’s relative performance and usage metrics support that posture despite wider weakness. Tron’s supporters are using comparative price resilience and network scale as operational KPIs to defend the ecosystem. TRX peaked near $0.45 in 2024 and later pulled back to $0.28, yet it is down 1.3% this year versus Bitcoin down nearly 19%. Tron recorded over 100 million monthly active addresses in January, and USDT circulating on Tron reached $82.915 billion, surpassing Ethereum for issuance leadership.
