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.”
Bitcoin24h
$61,637.60-1.60%
Ethereum24h
$1,652.00-0.91%
BNB24h
$568.57-1.37%
XRP24h
$1.08-1.54%
Solana24h
$69.00-0.56%
TRON24h
$0.3288-0.52%
Hyperliquid24h
$63.48+1.82%
Dogecoin24h
$0.0770-2.41%
UNUS SED LEO24h
$9.32-2.20%
Zcash24h
$416.16+0.41%
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.
TrueCoin attestations missing but Archblock launches new product
Archblock, the company behind most TrueCoins, has launched a product with Adapt3r Digital to help investors gain exposure to US Treasuries.
Former Archblock CEO Daniel Jaiyong An is suing Archblock
Daniel Jaiyong An’s lawsuit suggests Archblock directors were unwilling to fulfil their fiduciary duties to shareholders.
-
Lawyer wants Satoshi’s anonymous ‘finder’ to drop the mask—by Protos Staff
-
Goldfinch Africa lending dream ends in defaults and 99.8% token crash—by Protos Staff
-
Most Litecoin nodes ignore patch for double-spending bug—by Protos Staff
-
STRC at all-time low as Strategy loses 40 years of dividend coverage—by Protos Staff
-
Did Coinbase doxx its first bitcoin mortgage customer?—by Protos Staff
-
Most of Ripple’s own stablecoin lives on Ethereum—by Protos Staff
-
Hoskinson wants to save Cardano’s rep by leaving X for Discord safespace—by Protos Staff
-
XRP Ledger generated less than $400 in fees yesterday—by Protos Staff
-
HTX moved $1.3 billion from reserves to undisclosed ‘ThirdParty’—by Protos Staff
