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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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.
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Iran wants tolls paid in bitcoin for Strait of Hormuz passage—by Protos Staff
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Michael Saylor’s Strategy lost $1.2 billion buying bitcoin in Q1—by Protos Staff
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US Senator asks if Binance lied to Congress about Iran—by Protos Staff
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The slow-motion ‘bank run’ in private credit—by Protos Staff
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Gemini’s 10-K reveals loan loop between exchange and founders—by Protos Staff
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Archblock files for bankruptcy, blames fraud and Justin Sun-linked deal—by Protos Staff
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Steakhouse Financial front-end breach exposes users to phishing scam—by Protos Staff
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Stripe stablecoin unit Bridge denies shipping trucks to company in Venezuela—by Protos Staff
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Flare’s billion-dollar XRP DeFi dream has just 80 new users a day—by Protos Staff
