Justin Sun bailed out $500M stablecoin TUSD, report
Filings reveal that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves got stuck in First Digital Trust.
Bitcoin24h
$64,658.70+0.61%
Ethereum24h
$1,911.66+0.22%
BNB24h
$602.38-0.54%
XRP24h
$1.00-0.02%
Solana24h
$76.92+1.40%
TRON24h
$0.3336+0.90%
Hyperliquid24h
$58.65-0.54%
Dogecoin24h
$0.0702-0.09%
UNUS SED LEO24h
$9.46+0.53%
Zcash24h
$504.89-1.05%
Is HTX redeeming 80% of TrueUSD?
HTX has sent $406 million of the $502 million total TrueUSD to new addresses in the last few months, perhaps pending redemptions.
TrueUSD firms dodge fraud claims with SEC settlement
TrueCoin and TrustToken have settled SEC charges of misrepresenting TrueUSD as 1:1 backed after funds were sent to a speculative, risky fund.
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.”
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.
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We found HTX’s reserves at Poloniex—by Protos Staff
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Winklevoss’ Zcash company pivots to cancer drug after $37.8M loss—by Protos Staff
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SpaceX crashed too hard for insiders’ bonus unlock—by Protos Staff
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Is a crisis brewing at Crypto.com?—by Protos Staff
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BitMart founder denies exit scam as withdrawals stall—by Protos Staff
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Is Justin Sun mixing HTX’s reserves with Poloniex?—by Protos Staff
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Jefferies slashes SanDisk price target 42% despite record earnings—by Protos Staff
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Short-seller called Nvidia top by not trusting Jensen Huang—by Protos Staff
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Did Bitcoin bridge Boltz silently warn of a government takeover?—by Protos Staff
