Justin Sun is being investigated by FBI, claims The Verge: This is what Tron founder said
Justin Sun is a man of many faces, known as the founder of Tron and the man behind the BitTorrent platform. As one of the most controversial figures in the crypto industry, the founder has already been targeted twice by The Verge, with the second report appearing on March 9. In the report titled "The Many Escapes of Justin Sun" by Christopher Harland-Dunaway, the author reveals that the Tron founder is being investigated by US SEC and FBI for more than 10 charges.
Justin Sun has an "absurdly high" tolerance for risks
The Verge report confirms that the author spoke to a person who was a former employee of Justin Sun. In addition, the report reveals that the US SEC, the FBI and the U.S. Attorney's Office for the Southern District of New York are investigating the Tron founder, and the report also claims that he runs an insider trading team in Beijing. According to the former employee who spoke to the author, "he was doing the so-called market-making insider trading all the time."The Verge also reported about Justin Sun playing a major role in illegal activities on the Poloniex crypto exchange. According to the article, Justin Sun, who recently left Tron, bought Poloniex from Circle and relaxed all KYC implementations that Circle had put in place, according to the report. The Verge also claims that "Sun moved Poloniex to the Seychelles" to get away from US regulations.
Tron founder's reply
Sun took to Twitter to respond to the claims from The Verge article. The founder said that Poloniex "has always enjoyed a sterling reputation from its origin as a SAFU exchange.""We have upheld the highest standard in safeguarding crypto assets for our clients with a proven track record without any major security breach in operation in the last 8 years," added Justin Sun in the same tweet.
Sun added that report was "a blatant defamation about the Poloniex operation" and that Poloniex (Polo) "enjoys robust risk management and strong financial resources that have provided top of class services to our customers throughout its history."
Furthermore, Justin Sun also added that Poloniex has added "state-of-the-art KYC" and that the firm is not registered in Seychelles.
"The exchange does not operate in the US, nor does it serve US customers," Sun also confirmed.
Get winning crypto tips in 5 minutes a day
Login or upgrade to Cryptonary Pro
Pro
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
$799
For your security, all orders are processed on a secured server.
What’s included?
24/7 Access to Cryptonary's Research team who have over 50 years of combined experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily Market Updates that cover the real data that shape the market (Macro, Mechanics, On-chain)
Curated list of the most lucrative upcoming Airdrops (Free Money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
Recommended from Cryptonary
