The U.S. Securities and Exchange Commission on Wednesday announced that they had civilly charged them and two other celebrities with illegally touting cryptocurrencies from companies with ties to San Francisco.
BitTorrent was founded in 2004, and the formerly San Francisco-headquartered company rebranded as Rainberry in 2018 when Sun's Tron Foundation acquired it. Rainberry closed its San Francisco office earlier this year. Tron Foundation has offices in Singapore and San Francisco. Ex // Top Stories Nike honors Walnut Creek's Sabrina Ionescu with signature shoe Ionescu is now the 12th player in WNBA history to receive her own sneaker
"Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation," Gurbir Gerwal, the director of the SEC's division of enforcement, said in a release on Wednesday."This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.
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