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Posts tagged as “Justin Sun’”

SEC Charges Justin Sun and Celebrity Backers for Illegally Touting Crypto Assets

The SEC has charged crypto entrepreneur Justin Sun and eight celebrities, including Lindsay Lohan and Jake Paul, for promoting crypto assets without disclosing they were being compensated for doing so. The celebrities have agreed to pay $400,000 in fines and return the money they were paid for the promotion. The SEC’s investigation is ongoing and serves as a reminder that celebrities must disclose their compensation when promoting investments.