Chinese entrepreneur invested $30M in Trump’s crypto project after election

H

Hume

Verified User
Chinese cryptocurrency entrepreneur Justin Sun invested $30 million in President-elect Donald Trump’s crypto project three weeks after the election, helping Trump make a potentially hefty profit.

Sun, who recently made headlines for buying, then eating, a $6 million banana art piece, is under investigation by the Securities and Exchange Commission on charges of fraud, market manipulation and other alleged violations. He announced the investment in Trump’s project Nov. 25 on X.

 
HONG KONG (AP) — A cryptocurrency entrepreneur who bought a piece of conceptual art consisting of a simple banana, duct-taped to a wall, for $6.2 million last week ate the fruit in Hong Kong on Friday.

Chinese-born Justin Sun peeled off the duct tape and enjoyed the banana in a press conference held in The Peninsula Hong Kong, one of the city’s priciest hotels, in the popular shopping district of Tsim Sha Tsui.

apnews.com

Cryptocurrency entrepreneur who bought banana art for $6.2 million eats the fruit in Hong Kong

Justin Sun peeled off the duct tape and enjoyed the banana in a press conference. “It tastes much better than other bananas. Indeed, quite good,” he said.
apnews.com apnews.com
 
The SEC charged Sun with fraud in March 2023, accusing him of making an unregistered offer and sale of Tronix and BitTorrent, two crypto asset securities. He is also accused of manipulating the secondary market for Tronix and of orchestrating a scheme in which eight celebrities, including actress Lindsay Lohan, influencer-turned-boxer Jake Paul and musicians Akon and Ne-Yo, were paid to promote the assets without disclosing their compensation.

 
Hume said:
Chinese cryptocurrency entrepreneur Justin Sun invested $30 million in President-elect Donald Trump’s crypto project three weeks after the election, helping Trump make a potentially hefty profit.

Sun, who recently made headlines for buying, then eating, a $6 million banana art piece, is under investigation by the Securities and Exchange Commission on charges of fraud, market manipulation and other alleged violations. He announced the investment in Trump’s project Nov. 25 on X.

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Trump eats Chinese banana --- better headline.
 
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