Eight celebrities, including Lil Yachty and Soulja Boy, have been charged with illegally touting crypto asset entrepreneur Justin Sun's crypto asset securities.

Eight celebrities, including Lil Yachty and Soulja Boy, have been charged with illegally touting crypto asset entrepreneur Justin Sun's crypto asset securities.

The Securities and Exchange Commission said the celebrities were charged for "illegally touting TRX and/or BTT without disclosing that they were compensated for doing so and the amount of their compensation."

Besides the rappers, the other charged celebrities are Lindsay Lohan, Jake Paul, Austin Mahone, Kendra Lust, Ne-Yo and Akon.

The SEC simultaneously announced charges against Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for the unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT).

The SEC also charged Sun and his companies with fraudulently manipulating the secondary market for TRX through extensive wash trading, which involves the simultaneous purchase and sale of a security to make it appear actively traded without an actual change in beneficial ownership, and for orchestrating a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation.

The SEC's complaint, filed in U.S. District Court for the Southern District of New York, alleges that Sun and his companies offered and sold TRX and BTT as investments through multiple unregistered "bounty programs," which directed interested parties to promote the tokens on social media, join and recruit others to Tron-affiliated Telegram and Discord channels, and create BitTorrent accounts in exchange for TRX and BTT distributions.

"Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation" said Gurbir S. Grewal, Director of the SEC's Division of Enforcement. "This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used."

With the exception of Cortez Way and Soulja Boy, the celebrities charged Wednesday agreed to pay a total of more than $400,000 in disgorgement, interest, and penalties to settle the charges, without admitting or denying the SEC's findings.

(Photo: Gunner Stahl)

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Quavo performed a "nonsense" version of Lil Jon's "Get Low" during his appearance on Jimmy Fallon's comedy variety game show, "That's My Jam" on Tuesday night (March 21).

Quavo performed a "nonsense" version of Lil Jon's "Get Low" during his appearance on Jimmy Fallon's comedy variety game show, "That's My Jam" on Tuesday night (March 21).

On being tasked with performing a goofed up version of the 2002 smash hit that featured Eastzide Boyz and the Ying Yang Twins, Quavo swapped lines such as "Aww skeet-skeet motherfu**er" for "We all gotta retweet Chris Tucker."

As the Atlanta rapper sang, "Remember Chunk? The Best Goonie/ Got a duck tat, saw it on a magazine," the crowd waved their hands in the air.

Quavo's appearance on "That's My Jam" comes after a difficult few months, as he was mourning the passing away of his Migos bandmate and nephew Takeoff, who was murdered in late 2022.

(Photo: Rony Alwin)

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Miley Cyrus' hit single "Flowers" has returned to the top of the Billboard Hot 100.

Miley Cyrus' hit single "Flowers" has returned to the top of the Billboard Hot 100.

After ranking No. 1 for six consecutive weeks, the song slipped to No. 2 in the last two weeks, overtaken by The Weeknd and Ariana Grande's "Die for You" and Morgan Wallen's "Last Night".

"Flowers," the lead single from Cyrus' new album Endless Summer Vacation, earned 28.2 million streams, 106.7 million radio airplay audience impressions and sold 15,000 copies in the March 10-16 tracking week, according to Luminate.

Endless Summer Vacation, the pop singer's eighth studio album, was released on March 10.

"Flowers" also topped the Radio Songs chart for a fifth week. In addition, the song reached No. 2 on the Digital Song Sales and Streaming Songs charts.

"Flowers" is followed by Wallen's "Last Night" at No. 2 and SZA's "Kill Bill" at No. 3 on the Hot 100 chart dated March 25.

The Hot 100 blends all-genre U.S. streaming (official audio and official video), radio airplay and sales data.

(Photo: Marcell Rev)

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Usher will headline this year's Los Angeles Dodgers Foundation (LADF) Blue Diamond Gala.

Usher will headline this year's Los Angeles Dodgers Foundation (LADF) Blue Diamond Gala.

The Blue Diamond Gala is celebrating "10 Years Reimagined" at Dodger Stadium on June 22 featuring a private benefit concert by the Grammy Award winner.

The gala, deemed "The Party For LA," is presented by the Los Angeles Dodgers Ownership Group. The evening will kick off with a star-studded blue carpet and pre-show dinner party followed by two hours of entertainment including a DJ set by the legendary, award-winning D-Nice and post-show party food trucks.

In addition to the live performances, special guests will include Dodger players, alumni, coaches, and other celebrities.

"We are thrilled to have Usher perform this year at 'The Party for LA' to raise vital funds allowing us to invest in Angelenos and provide the opportunities that they deserve," said Mark Walter, Los Angeles Dodgers Owner and LADF Board Chair.

Proceeds from the event will benefit LADF and the organization's programs and initiatives.

Tickets are now available at Dodgers.com/gala.

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