Overview
- Chinese journalist Zeng Ying alleges Justin Sun used employee identities and phones to operate numerous Binance accounts that coordinated TRX buying and selling before dumping on retail investors.
- She says she possesses WeChat chat logs, employee testimony, and internal materials, and has publicly invited the SEC to contact her.
- No regulator or involved company has confirmed the new claims, Sun has not issued a substantive response, and Binance has not commented.
- The allegations arrive against the backdrop of a 2023 SEC case that accused Sun of more than 600,000 TRX wash trades, a proceeding reported paused in 2025.
- TRX and TRON‑linked WLFI have shown limited price reaction, while media interest and outreach from investigative creators have increased without independent verification.