There's fresh tea to spill! Breaking: Sun is accused of running a celebrity pump-and-dump scheme allegedly worth $4 million.
On November 8, someone posted a series of screenshots online, accusing Justin Sun of paying celebrities more than $4 million from 2021 to 2022 to promote TRX and BTT, then dumping the tokens.
They shared a celebrity rate card dated December 20, 2021: DJ Khaled, $185,000; Nicki Minaj, $85,000; Addison Rae, $75,000.
But three things don't add up.
First, the numbers don't add up: the three amounts total $345,000, one zero short of $4 million. And these are just quoted rates, not proof of payment—there are no invoices, on-chain transfers, or records of sell-offs.
Second, the dates don't add up: the record is from December 2021, but the tweets it cites are from February 2021. The SEC complaints against Lohan and Jake Paul had already disclosed those two payments: $10,000 and $25,000, respectively.
Third, the whistleblower has a questionable track record: they're a notorious celebrity-coin scammer in the crypto scene. In the same batch of “documents,” they also accused someone else of taking $100,000 to promote a token; the person denied it, and on-chain analysts questioned the evidence of transfers.
The old allegations are real. The SEC sued in 2023, alleging unregistered securities, more than 600,000 wash trades, and undisclosed celebrity promotions. Eight celebrities were named, and six settled for a total of $400,000 in penalties. Final judgment on March 9, 2026: the claims against Justin Sun himself were dismissed, Rainberry was fined $10 million, and the case was closed.
Bottom line: someone really did make the accusation, but the evidence really is insufficient. Old news being reheated—and the numbers still don't add up.
Now here's our chance again. Let's see whether the topic gains traction!
$TRX Watch to see if the allegations gain traction and trigger a sell-off
$BTTC Follow along with the same theme
$BTC Watch to see if the broader market stays steady.
On November 8, someone posted a series of screenshots online, accusing Justin Sun of paying celebrities more than $4 million from 2021 to 2022 to promote TRX and BTT, then dumping the tokens.
They shared a celebrity rate card dated December 20, 2021: DJ Khaled, $185,000; Nicki Minaj, $85,000; Addison Rae, $75,000.
But three things don't add up.
First, the numbers don't add up: the three amounts total $345,000, one zero short of $4 million. And these are just quoted rates, not proof of payment—there are no invoices, on-chain transfers, or records of sell-offs.
Second, the dates don't add up: the record is from December 2021, but the tweets it cites are from February 2021. The SEC complaints against Lohan and Jake Paul had already disclosed those two payments: $10,000 and $25,000, respectively.
Third, the whistleblower has a questionable track record: they're a notorious celebrity-coin scammer in the crypto scene. In the same batch of “documents,” they also accused someone else of taking $100,000 to promote a token; the person denied it, and on-chain analysts questioned the evidence of transfers.
The old allegations are real. The SEC sued in 2023, alleging unregistered securities, more than 600,000 wash trades, and undisclosed celebrity promotions. Eight celebrities were named, and six settled for a total of $400,000 in penalties. Final judgment on March 9, 2026: the claims against Justin Sun himself were dismissed, Rainberry was fined $10 million, and the case was closed.
Bottom line: someone really did make the accusation, but the evidence really is insufficient. Old news being reheated—and the numbers still don't add up.
Now here's our chance again. Let's see whether the topic gains traction!
$TRX Watch to see if the allegations gain traction and trigger a sell-off
$BTTC Follow along with the same theme
$BTC Watch to see if the broader market stays steady.
