SEC Fines Jake Paul, Lindsay Lohan, Other Celebrities for ‘Illegally Touting’ Crypto

SEC Fines Jake Paul, Lindsay Lohan, Other Celebrities for ‘Illegally Touting’ Crypto
Lindsay Lohan attends the Christian Siriano Fall/Winter 2023 NYFW Show at Gotham Hall in New York on Feb. 9, 2023. Jamie McCarthy/Getty Images for Christian Siriano
Caden Pearson
Updated:
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The Securities and Exchange Commission (SEC) on Wednesday announced charges against entrepreneur Justin Sun and eight celebrities, including actress Lindsay Lohan, boxer and social media star Jake Paul, and rapper Akon, for allegedly “illegally touting” crypto asset securities Tronix (TRX) and BitTorrent (BTT).

Sun and his companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc., were also charged for unregistered offers and sales of crypto asset securities TRX and BTT.

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