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Rainberry Inc

avoid.net/rainberry-inc→13/100·85% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·2tCd6V…HPcZ

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

5 entities · 60 linked investigations
Organizations
□TRON38□Justin Sun7□Binance□Soulja Boy (DeAndre Cortez Way)□Rainberry Inc
Relationships
  • Justin Sun→mentioned with→TRON(70%)
  • Justin Sun→mentioned with→Rainberry Inc(80%)
  • Justin Sun→mentioned with→Soulja Boy (DeAndre Cortez Way)(80%)
  • Rainberry Inc→mentioned with→Soulja Boy (DeAndre Cortez Way)(80%)
  • Rainberry Inc→mentioned with→Justin Sun(80%)
  • Rainberry Inc→mentioned with→TRON(70%)
  • Soulja Boy (DeAndre Cortez Way)→mentioned with→TRON(70%)
  • Soulja Boy (DeAndre Cortez Way)→mentioned with→Justin Sun(80%)
  • Soulja Boy (DeAndre Cortez Way)→mentioned with→Rainberry Inc(80%)
  • TRON→mentioned with→Justin Sun(80%)
  • + 2 more
Also appears in
Falcon USD (USDf)·30CodexField·12Tudou Guarantee Telegram Marketplace·0USDD·28HECO Bridge & HTX Exchange Hack·1HTX·28FBI Fake Token Tron Impersonation Wallet Freeze Extortion Scam (March 2026)·0ALEX Lab·24Aeza Group·0Huobi / HTX·7

Connected Through

5 shared actors · 543 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Rainberry Inc?

Timeline(9 events)

2004

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

CCN

2017

BitTorrent, Inc. quietly renames itself Rainberry Inc.

Grokipedia

June 2018

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

Variety

April 2018

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

SEC LR-25676

28 January 2019

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

CoinDesk

2020

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

TorrentFreak

22 March 2023

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

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

5 March 2026

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
Anchored on SolanaVerify on-chain13 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 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: 8/25/2026, 1:41:23 PM

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