Changpeng Zhao, founder and CEO of one of the largest cryptocurrency exchanges, Binance, has decided to remove TRON (TRX) from its platform, which works with US users, on April 18, 2023. After that date, customers will not be able to fund a TRX account.
TRX bets will be disabled on April 13, 2023 and removed from the betting page on April 15, 2023. Customers can still receive rewards for TRX bets until April 15, 2023.
All TRX/USD, TRX/USDT, TRX/BTC trading pairs will be removed on April 19, when trading stops. On the other hand, TRC-20 USDT and USDC issued by the TRON network will be supported by Binance.
Looking back in March, the US Securities and Exchange Commission (SEC) launched a lawsuit against Justin Sun. The SEC filed a lawsuit against him for alleged market manipulation and fraud. Subsequently, rumours circulated that Justin Sun had been arrested in Hong Kong, which were supported by some crypto-authorities on Twitter. However, Justin Sun denied the allegations and said that everything is fine.
In 2019, China's 21st Century Business Herald reported on Justin Sun's alleged illegal investments by Chinese citizens to use services provided by the TRON blockchain network. At the time, it was said that he was banned from leaving China, but Justin Sun eventually denied those allegations as well.