Skip to main content
Sign in

Rainberry Inc

avoid.net/rainberry-inc→25/100·85% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Summary

Rainberry Inc, formerly BitTorrent Inc and the developer of the BitTorrent protocol and BitTorrent Token (BTT), agreed in March 2026 to pay a $10 million civil penalty to settle SEC allegations that it facilitated wash trading to artificially inflate trading volume for the TRX cryptocurrency in 2018–2019. The settlement, filed as a proposed final judgment in U.S. District Court for the Southern District of New York, did not require any admission of wrongdoing. All remaining claims against Rainberry, Justin Sun (Tron founder and controlling owner), Tron Foundation, and BitTorrent Foundation were dismissed with prejudice.

Connected Entities

1 entities · 10 linked investigations
Organizations
□Rainberry Inc
Relationships
    Also appears in
    edgeX Exchange·28Mach-O Man Malware Campaign (Lazarus / Chollima)·0Q2 2026 DeFi Record Hack Wave·0Luiz Carlos Capuci Jr.·2Leap Wallet·42Gamma Strategies·28Bunni Protocol·28BitGrail·2BonkDAO Treasury Governance Attack (July 2026)·3Shunda Park Scam Compound·0
    Have evidence about Rainberry Inc?

    Timeline(9 events)

    2004-01-01

    BitTorrent, Inc. founded by Bram Cohen and Ashwin Navin.

    CCN

    2017-01-01

    BitTorrent, Inc. quietly renames itself Rainberry Inc.

    Grokipedia

    2018-06-01

    Justin Sun acquires Rainberry Inc (BitTorrent) for a reported $140 million following a competitive bidding process.

    Variety

    2018-04-01

    SEC alleged wash trading of TRX begins, with Sun directing more than 600,000 wash trades through at least February 2019.

    SEC LR-25676

    2019-01-28

    BitTorrent Token (BTT) launched via Binance Launchpad initial exchange offering.

    CoinDesk

    2020-01-01

    Former Rainberry employees Hall and Juraszek file California federal lawsuit alleging Sun directed illegal downloading of copyrighted films.

    TorrentFreak

    2023-03-22

    SEC files complaint (LR-25676) against Justin Sun, Tron Foundation, BitTorrent Foundation, and Rainberry Inc., alleging unregistered securities sales, wash trading, and undisclosed celebrity promotions of TRX and BTT. Eight celebrities including Lindsay Lohan and Jake Paul charged separately.

    SEC Press Release 2023-59

    2023-01-01

    Six celebrity defendants (Lindsay Lohan, Jake Paul, Ne-Yo, Lil Yachty, Kendra Lust, Akon) settle SEC charges, paying approximately $400,000 each without admitting or denying findings.

    CNBC

    2026-03-05

    SEC files proposed final judgment (LR-26496): Rainberry agrees to pay $10 million civil penalty and accept permanent injunction against Section 17(a)(3) violations. All remaining claims against Justin Sun, Tron Foundation, BitTorrent Foundation, and Rainberry dismissed with prejudice. No admissions of wrongdoing. Subject to federal court approval.

    SEC LR-26496
    Provenance & Audit Trail
    13 Wayback Archives

    Decision Log

    • #1publish⛓ pending8/15/2026, 5:04:14 PM
      hash: DeHHXPrgXyfvEC25yva1Hbw9Dt6V73c5q65To52uq2Pp

    13 of 16 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 8/15/2026, 5:03:56 PM

    last updated: 8/15/2026, 8:33:52 PM

    avoid.net — verified advice for a post-truth world