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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.”

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.

Archblock, the company behind most TrueCoins, has launched a product with Adapt3r Digital to help investors gain exposure to US Treasuries.

Daniel Jaiyong An’s lawsuit suggests Archblock directors were unwilling to fulfil their fiduciary duties to shareholders.