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
$64,414.49+0.57%
Ethereum24h
$1,869.94+1.34%
BNB24h
$567.53-0.35%
XRP24h
$1.10+0.75%
Solana24h
$76.02+1.46%
TRON24h
$0.3271+1.12%
Hyperliquid24h
$61.03+3.83%
Dogecoin24h
$0.0725+0.38%
Zcash24h
$555.70+2.66%
UNUS SED LEO24h
$9.81+0.21%
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.
-
No amount of cash can fix STRC’s trust problem—by Protos Staff
-
CHART: Value of Tesla’s BTC holdings have fallen by two-thirds—by Protos Staff
-
GoPro founder lends company $20M after 99% stock collapse—by Protos Staff
-
AscendEx shutdown: Uncertainty over withdrawals as hot wallets lack funds—by Protos Staff
-
It’s been 365 days since Pump Fun promised an airdrop was ‘coming soon’—by Protos Staff
-
SecondFi is shutting down after Cardano wallet exploit—by Protos Staff
-
Strategy dumps 3,500 BTC in largest sale… yet—by Protos Staff
-
Open USD is lying about its 149 partnerships, report—by Protos Staff
-
OUSD stole Hyperliquid’s homework — then hit Circle with it—by Protos Staff
