Bitcoin24h $80,189.13-0.90%

Ethereum24h $2,291.79-1.63%

BNB24h $640.21-1.15%

XRP24h $1.39-1.52%

Solana24h $88.59-1.09%

TRON24h $0.3482+0.44%

Dogecoin24h $0.1074-3.46%

Hyperliquid24h $42.50-0.81%

Cardano24h $0.2644-1.45%

UNUS SED LEO24h $10.38+0.26%

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.”

Justin Sun fights a lot of lawsuits on behalf of companies he doesn’t own

Justin Sun is involved in several lawsuits, often involving firms in which he’s deeply involved but denies ownership of.

Filings reveal that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves got stuck in First Digital Trust.

Control of the private keys for TrueUSD have been transferred to Techteryx, a mysterious conglomerate in Asia with ties to Justin Sun.