Explosive Allegations: Justin Sun Accused of Orchestrating TRX 'Pump and Dump' via Binance Accounts

Former Partner's Allegations Reignite Scrutiny Over Tron Founder's Trading Practices

Justin Sun, the flamboyant founder of the Tron blockchain, is facing a fresh wave of controversy following detailed accusations from a woman claiming to be his former girlfriend. In a series of social media posts, she alleges Sun engaged in a coordinated scheme to manipulate the price of TRX on the Binance exchange, leveraging accounts registered under employee identities to execute a classic "pump and dump."

The core allegation centers on the period between late 2017 and early 2018. The accuser claims Sun used a network of Binance accounts to artificially create buying pressure and inflate TRX's market value. Once the price was elevated, she alleges, he orchestrated large-scale sell-offs, profiting at the expense of ordinary investors. "The insider trading and predatory practices involving TRX on Binance are the source of his wealth," she stated in her posts.

While citing personal grievances as a motive for coming forward, she insists her claims are backed by documentation and has expressed willingness to cooperate with financial regulators. Binance, in a statement, has distanced itself from the allegations, emphasizing its commitment to platform integrity.

These social media claims bear a notable resemblance to prior legal action. In March 2023, the U.S. Securities and Exchange Commission (SEC) filed a civil lawsuit against Sun, accusing him of the unregistered offer and sale of crypto asset securities and of orchestrating "wash trading" to create the illusion of legitimate market activity for TRX and BitTorrent Token (BTT). That case was stayed in early 2025. Sun has previously denied the SEC's allegations.

The new accusations extend beyond market manipulation, painting a picture of a broader ecosystem where anonymous influencers allegedly collaborate with projects to hype tokens before insiders sell. This narrative challenges the public image of Sun as a visionary entrepreneur, instead portraying his success as built on orchestrated promotion and questionable trading tactics.

Community Reaction: A Mix of Skepticism and Outrage

Marcus Chen, Crypto Analyst: "While the source is undoubtedly personal, the mechanics described align uncomfortably well with the SEC's existing case. It's a reminder that in the wild west of the 2017 ICO boom, the lines between aggressive marketing and outright manipulation were often blurred. Regulators will be watching closely, but verifying these specific Binance account claims is key."

Anya Petrova, Retail Investor: "This is absolutely infuriating, if true. We're not just numbers on a chart; we're people who believed in the technology and put our savings in. Figures like Sun fly to space on rockets funded by what? By 'aggressive cash-outs' from regular people like me? It confirms every worst fear about this industry being rigged against the little guy. Where is the accountability?"

David Park, Blockchain Developer: "The drama is distracting from the real issue: the need for transparent, on-chain proof of reserves and trading activity from projects and their founders. Allegations from ex-partners are messy, but they highlight a systemic lack of transparency that still plagues crypto. The technology promises trustlessness, yet we're still relying on trust in charismatic founders."

Sarah Li, Financial Compliance Officer: "The mention of using employee identities to control accounts is a serious red flag for any exchange's KYC/AML protocols. If proven, it points to a potential compliance failure. Regardless of the personal dynamics at play, these allegations, combined with the prior SEC suit, create a persistent cloud of legal risk that investors cannot ignore."