New Delhi, April 26 -- In 2023 things were not looking good for Justin Sun, a billionaire crypto-mogul. The Securities and Exchange Commission had accused him of fraud. The regulator claimed that the companies he founded and controlled had issued unregistered securities (two crypto tokens, Tron and BitTorrent); had manipulated the markets in those securities by "wash trading" to make the tokens look active and useful; and had paid celebrities to endorse them without disclosing they were being compensated. In the wake of the allegations he stepped down from a diplomatic post he held as a trade representative for Grenada, an island in the Caribbean. He was afraid to set foot in America, lest he get arrested. By the end of the year two other...
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