Guavy AI Editorial TeamSentiment: -3Clout: 82

Trump's Crypto Fortune: The Role of Controversial Billionaire Justin Sun

The financial scandal surrounding Donald Trump's $2.2 billion income in one year has raised eyebrows, particularly given that at least $1.4 billion came from his crypto businesses.

According to recent investigations, it is believed that Justin Sun, a Chinese crypto billionaire, played a significant role in helping Trump amass this fortune.

Sun, known for buying an artwork called Comedian, consisting of a banana duct-taped to a wall, for more than $6 million and then eating it, has been accused by the US Securities and Exchange Commission (SEC) of running over 600,000 fake trades between accounts he controlled in order to artificially inflate the trading volume of TRX, his crypto coin.

The SEC also charged Sun with hiding payments to celebrities who promoted his tokens to the public. In February 2021, a series of surprising names began tweeting about TRX, including Lindsay Lohan, Ne-Yo, Akon, Jake Paul, and Lil Yachty, all of whom have since settled with the SEC for amounts between $40,000 and $200,000 without admitting or denying allegations.