Lindsay Lohan Accused by SEC of Illegally Touting Tokens

The US Securities and Exchange Commission sued crypto mogul Justin Sun for allegedly violating securities rules, and said eight celebrities including Lindsay Lohan and the artist known as Soulja Boy illegally touted tokens.

Lohan and Soulja Boy, whose real name is DeAndre Cortez Way, illegally promoted the tokens — Tronix and/or BitTorrent — without disclosing compensation, the SEC alleged. Most of the celebrities agreed to pay a total of more than $400,000 to settle the allegations, without admitting or denying the SEC’s findings, the agency said in a statement. The only two that didn’t were Soulja Boy and singer-songwriter Austin Mahone.