Archblock files for bankruptcy, blames fraud and Justin Sun-linked deal
Archblock, TrustToken, and TrueCoin, firms originally behind TrueUSD, declared bankruptcy after being defrauded by a "criminal enterprise."
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— HTX, Justin Sun
The legal battles of Justin Sun
Controversial cryptocurrency entrepreneur Justin Sun is a plaintiff and a defendant in a variety of important ongoing lawsuits.
Celsius estate alleges TrueUSD firms gambled customer deposits
Celsius has filed a lawsuit against Archblock, alleging that it's failed to redeem millions of dollars worth of stablecoins.
Stablecoins boom in 2025 — USDT, USDC and USD1 dominate
2025 has been a great year for stablecoins; we're seeing new regulatory frameworks, and the president of the United States has launched one.
Justin Sun fights a lot of lawsuits on behalf of companies he doesn’t own
Justin Sun is involved in several lawsuits, often involving firms in which he's deeply involved but denies ownership of.
Justin Sun bailed out $500M stablecoin TUSD, report
Filings reveal that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves got stuck in First Digital Trust.
Is HTX redeeming 80% of TrueUSD?
HTX has sent $406 million of the $502 million total TrueUSD to new addresses in the last few months, perhaps pending redemptions.
TrueUSD bank FlowBank forced into bankruptcy
FINMA claims that FlowBank "no longer has sufficient capital for its operations as a bank" and says it's worried the bank is "over-indebted."
— TrueUSD
TrueUSD attestations paused again, this time for improper ‘balances’
TrueUSD, a dollar-pegged stablecoin connected to Justin Sun, have paused its attestations, citing a 'balances' issue.
TrueUSD was hacked and issued fake tokens
TrueUSD disclosed a hack of key customer information at about the same time as it had to disclaim tokens issued by deployers.