Actress Lindsay Lohan, YouTuber Jake Paul and six other artists prosecuted in the United States in a case linked to cryptocurrencies
Actress Lindsay Lohan, YouTuber Jake Paul and six other artists were sued on Wednesday by the US market watchdog for advertising cryptocurrencies without revealing that they were paid to do so.
They are accused as part of a case more directly targeting Chinese entrepreneur Justin Sun for having marketed the Tronix and BitTorrent cryptocurrencies without having registered with the competent authorities, thus violating stock market laws.
Justin Sun is also being prosecuted for having sought to manipulate the Tronix brokerage by artificially inflating the exchanges of the asset on the secondary market: he had asked employees to transfer Tronix between two of his accounts on cryptocurrency platforms.
The SEC finally accuses Justin Sun, known for having founded the Tron ecosystem, of having sought to promote his assets on social media by paying celebrities to tweet messages in favor of Tronix and BitTorrent.
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