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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Archblock, TrustToken, and TrueCoin, firms originally behind TrueUSD, declared bankruptcy after being defrauded by a "criminal enterprise."
Read more (5 min) →Celsius has filed a lawsuit against Archblock, alleging that it's failed to redeem millions of dollars worth of stablecoins.
Daniel Jaiyong An's lawsuit suggests Archblock directors were unwilling to fulfil their fiduciary duties to shareholders.