#trx

Justin Sun, the visionary behind Tron (TRX) and major investor in HTX (Huobi), has proposed a new career path for Gary Gensler, the chair of the U.S. SEC.

Crypto payments processor Alphapo has reportedly been robbed of at least $23 million in Ethereum, Tron, and Bitcoin, according to blockchain analyst ZachXBT. The stolen funds on Ethereum were exchanged for ether and then moved to the Avalanche and Bitcoin networks. The exact amount of stolen Bitcoin remains unknown. Alphapo's client, HypeDrop, has subsequently suspended withdrawals, noting issues with both withdrawals and deposits of BTC, ETH, and TRX. Despite the situation, HypeDrop assured users that their funds remain secure.

The court has granted Justin Sun additional time to respond to the SEC allegations, pushing the deadline to December 8. The SEC accuses Sun, along with Tron Foundation, Bittorrent Foundation, and Rainberry, of offering TRX and BTT tokens as unregistered securities, infringing upon U.S. legislation. Additionally, the SEC is leveling charges against Sun for manipulating the market value of TRX.