Tron Founder Justin Sun’s Ex-GF Exposes TRX Price Manipulation On Binance

• Tron founder Justin Sun’s ex-GF alleged that he built his multibillion-dollar wealth from manipulating the price of TRX on Binance and cheating retail investors.
• Zeng Ying, his former flame, said she’s willing to cooperate with the SEC and US authorities to uncover Sun’s fraudulent activities.

Binance, the world’s largest cryptocurrency exchange, has recently found itself in hot water as OKX CEO Star Xu exposed its hand on the 10/10 multibillion-dollar market liquidation event last year. As discussions continued to heat up about the subject, it found itself in yet another controversy.

Zeng Ying (曾颖), a finance blogger claiming to be Tron (TRX) founder Justin Sun’s ex-girlfriend, revealed that she had the “Epstein files” of the crypto world. She disclosed that her old flame was responsible for orchestrating a massive fraud on Binance.

Justin Sun’s Alleged Tron (TRX) Price Manipulation

Zeng’s explosive revelation came in response to the latest report of Timmy Shen, Asia Editor of The Block, saying that three House Democrats demanded answers from the US Securities and Exchange Commission (SEC) regarding its decision to drop or pause cases it initiated against Binance, Coinbase, and Kraken. The lawsuits covered alleged violations of securities laws and regulations by the respondents, as well as possible lapses in anti-money laundering and anti-fraud compliance measures.

ADVERTISEMENTSun’s ex-GF pointed out that she has hard evidence, including WeChat chat logs, proving the Tron founder’s fraudulent activities on Binance that led to TRX’s artificially inflated price. According to her, the entrepreneur with a net worth of $8.5 billion in 2025 built his wealth around one of the biggest scams in the cryptocurrency landscape.

Zeng shared with the public that Sun used his employees’ identities and mobile phones to register numerous Binance accounts. Then, he utilized the same accounts to conduct coordinated buying and selling on the exchange to artificially inflate the market price of TRX. What’s worse, he allegedly rugged on retail investors once the token reached peak prices through a large-scale sell-off. She said Sun obtained “enormous illegal profits” with the strategy.

The finance blogger called on the SEC and US authorities to contact her so she could submit her evidence to them as soon as possible. Following that, she published the names of Sun’s associates who were involved in the fraudulent activities, including his employees in mainland China and Chinese-language Key Opinion Leaders (KOLs). She added that most of the people in the list have already been sent to Chinese prisons or detention centers by their employer “under various pretexts.”

ADVERTISEMENT## Another Round of Binance Issues

Zeng’s allegation merely mentioned Binance as the venue for Sun’s wash trading and price manipulation activities. Despite not having active or direct control over the issues, the exposé certainly adds to the controversies that are dragging its name through the mud.

On the other hand, the event could indicate major flaws in Binance’s internal compliance measures. It particularly suggests possible loopholes around its KYC (Know Your Customer) protocols, fraud detection, market surveillance systems, and consumer protection mechanisms.

Tron’s Performance

Zeng’s supposed bombshell only went off in a flutter, as TRX was unfazed by her allegations. The token’s price held steady at around $0.28 on Sunday amid mixed sentiment about her exposé.

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