TrueUSD bank FlowBank forced into bankruptcy
FINMA claims that FlowBank “no longer has sufficient capital for its operations as a bank” and says it’s worried the bank is “over-indebted.”
Bitcoin24h
$104,477.93-2.75%
Ethereum24h
$3,486.13-6.15%
XRP24h
$2.24-7.07%
BNB24h
$944.52-8.26%
Solana24h
$156.99-11.01%
TRON24h
$0.2784-5.29%
Dogecoin24h
$0.1620-6.67%
Cardano24h
$0.5341-7.55%
Hyperliquid24h
$37.94-8.22%
Chainlink24h
$14.63-9.37%
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 was hacked and issued fake tokens
TrueUSD disclosed a hack of key customer information at about the same time as it had to disclaim tokens issued by deployers.
FTX knew Justin Sun tried to acquire TrueUSD
One of FTX’s general counsels was involved in an attempted acquisition of TrueUSD by Tron and Justin Sun, according to a lawsuit.
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What the hell is happening at Evolve Bank and Trust?—by Protos Staff
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CZ threatens Elizabeth Warren with lawsuit over ‘money launderer’ claim—by Protos Staff
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DeFi projects under fire for inflated TVL and murky lending loops—by Protos Staff
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From Ripple to Solana: crypto-TradFi partnerships that go nowhere—by Protos Staff
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NBA Gambling Scandal: at least $400,000 in ETH seized—by Protos Staff
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CHART: USDC is growing faster than USDT under Trump—by Protos Staff
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Scott Purcell-linked Fortress Trust fails like Prime Trust before it—by Protos Staff
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Tether took over the White House, now it’s tearing it down to build a ballroom—by Protos Staff
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Bitcoin’s OP_RETURN war just went nuclear: a chain fork proposal—by Protos Staff
