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21 October 2020

Filecoin Offering: Community Alleges Token Dumping, Tron's Justin Sun Wants the US SEC to Investigate | Altcoins Bitcoin News

Filecoin Offering: Community Alleges Token Dumping, Tron's Justin Sun Wants the US SEC to Investigate | Altcoins Bitcoin News


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Filecoin Offering: Community Alleges Token Dumping, Tron's Justin Sun Wants the US SEC to Investigate.

The recent Filecoin (FIL) token offering is creating controversy as some crypto community members are alleging that an unknown account has received 1.5 million tokens when only 500,000 were due for unlocking.

Despite this plan, the Filecoin token saw its price tank a few hours after listing.

Sun, who has faced almost similar allegations, goes on to encourage investors, especially those from the United States “to make sure Filecoin and Juan Benet are held responsible for this (dumping) under the protection of the US Securities and Exchange Commission.” Some Twitter users appeared to agree with Sun while some were quick to remind him of his own past misdeeds.

According to the Beijing-based Chainsmap monitoring system, these tokens were created a day before the offering while their transfer to addresses had been carried out by way of airdrops?

Launched as a decentralized storage network, the Filecoin team says the project was started to help “store humanity’s most important information.” The project raised $205 million in an initial coin offering in 2017, and while the launch date was initially planned for mid-2019.

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