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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.”

The legal battles of Justin Sun

Controversial cryptocurrency entrepreneur Justin Sun is a plaintiff and a defendant in a variety of important ongoing lawsuits.

Celsius has filed a lawsuit against Archblock, alleging that it’s failed to redeem millions of dollars worth of stablecoins.

2025 has been a great year for stablecoins; we’re seeing new regulatory frameworks, and the president of the United States has launched one.

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