Bitcoin24h $117,353.55-0.11%

Ethereum24h $3,759.21+0.34%

XRP24h $3.56+3.23%

BNB24h $763.91+1.10%

Solana24h $196.82+9.27%

Dogecoin24h $0.2709-1.64%

Cardano24h $0.8874+3.67%

TRON24h $0.3143+0.25%

Hyperliquid24h $44.73-2.94%

Stellar24h $0.4722+2.38%

Justin Sun affiliated TrueUSD market cap collapses 50% in 7 days

This dramatic fall in the market cap of TrueUSD follows Binance’s delisting of several TrueUSD pairs on March 15.

TrueUSD attestations paused again, this time for improper ‘balances’

TrueUSD, a dollar-pegged stablecoin connected to Justin Sun, have paused its attestations, citing a ‘balances’ issue.

TrueUSD disclosed a hack of key customer information at about the same time as it had to disclaim tokens issued by deployers.

One of FTX’s general counsels was involved in an attempted acquisition of TrueUSD by Tron and Justin Sun, according to a lawsuit.

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