Tron’s reported “$5–10 B black U market” and its potential impact on Justin Sun's upcoming public offering plan:
🚨 Key Insights
1. Alleged $5–10 B “Black U” Market
Blockchain investigator ZachXBT claims the Tron network is facilitating a $5–10 billion darknet stablecoin market tied to North Korean-linked Lazarus Group .
2. Tron’s US IPO Plans Moving Ahead
Despite these allegations, Tron is proceeding with a reverse merger via Nasdaq-listed SRM Entertainment—renaming it Tron Inc., with plans for a $100M token treasury and eventual public listing .
3. Justin Sun & Regulatory Background
The merger, supported by Dominari Securities, has been linked to the Trump circle but denies Eric Trump’s involvement .
The SEC had paused its investigation into Justin Sun earlier this year .
4. Does the “Black U” Market Threaten the TGE?
Taxonomy vs. Traction: While illicit flow concerns could attract regulatory scrutiny, the current deal’s momentum suggests Tron is not being deterred.
Risk Management: During public filings, disclosures and due diligence will be critical—and watchdogs are likely watching closely.
🔍 TL;DR
The Lazarus-linked $5–10B stablecoin activity on Tron adds a regulatory red flag.
Still, Justin Sun is pushing full steam ahead with filing, reverse merger, and token treasury strategy.
Bit of a risk—regulators may probe deeper—but legal pause and merger momentum show confidence is high.
