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TrueUSD

Current Price: 0.996227292801340
1h: 0.01%
24h: 0.00%
7d: -0.06%
Market Cap: 492649422.39

Latest TrueUSD News

Justin Sun Intensifies Battle to Recover Missing $456 Million TUSD Reserves Worldwide

Justin Sun has intensified his global campaign to recover the missing $456 million in TUSD reserves, following a major legal breakthrough secured through the Dubai International Financial Centre (DIFC) Court.

Source name: cryptosnewss.com

4 days, 42 minutes ago

Justin Sun talked about the ongoing investigation into the $456 million TrueUSD (TUSD) fraud

Justin Sun, in a media briefing he held in Hong Kong titled “Truth Unveiled, Justice Revealed,” has shared an update on the ongoing effort to recover $456 million in missing TUSD reserves.

Source name: cryptopolitan.com

4 days, 2 hours, 7 minutes ago

Dubai Court Freezes $456M Linked to TrueUSD Reserves as Recovery Efforts Intensify

A Dubai court has frozen roughly $456 million connected to TrueUSDs reserves, marking a major development in an ongoing dispute involving stablecoin operator Techteryx, fiduciary custodian First Digital Trust (FDT), and the Aria Group. The funds became illiquid in 2023 after being redirected into complex investment structures tied to Aria, a move that led to a significant shortfall and forced an emergency bailout from Justin Sun to keep TrueUSD operational.

Source name: tokenpost.com

13 days, 22 hours, 41 minutes ago

Dubai Court Freezes $456M in TrueUSD Fraud Case Linked to Justin Sun's Techteryx Bailout

A Dubai court has ordered a worldwide freeze on $456 million in assets linked to the alleged diversion of TrueUSD reserves.

Source name: cryptonews.com

18 days, 21 hours, 37 minutes ago

Dubai Court Freezes $456M in TrueUSD Reserve Dispute Linked to Justin Sun Bailout

Dubais Digital Economy Court has issued its first-ever worldwide freezing order in a high-stakes legal battle involving a $456 million TrueUSD (TUSD) reserve shortfall. The dispute, which forced Tron founder Justin Sun to step in and support token holders, revolves around allegations that TUSD reserve funds were misused to finance risky ventures through Aria Commodities DMCC, a Dubai-based trade-finance firm.

Source name: tokenpost.com

19 days, 4 hours, 39 minutes ago

Dubai Court Freezes $456M Linked to Justin Sun's Bailout of TrueUSD Issuer Techteryx

The $456 million reserve shortfall that forced Justin Sun to bail out the token holders of the TrueUSD stablecoin is now the subject of a worldwide freezing order upheld by Dubai's Digital Economy Court.

Source name: coindesk.com

19 days, 9 hours, 9 minutes ago

LitFinancial Introduces Stablecoin on Ethereum to Streamline Mortgage Lending

Michigan-based mortgage lender LitFinancial on Wednesday debuted its U.S. dollar stablecoin, dubbed litUSD, on the Ethereum blockchain as the digital dollar movement is expanding beyond crypto natives.

Source name: coindesk.com

2 months, 13 hours, 17 minutes ago

BitMEX Study Reveals 90% Drop in Extreme Bitcoin Perpetual Futures Funding Rates Since 2016, Signalling Market Maturation

BitMEX, one of the safest crypto exchanges, today announced the findings of its comprehensive study on XBTUSD, the longest-running Bitcoin perpetual swap, to shed light on the evolution of the funding rate market. The research, spanning from May 2016 to May 2025, reveals a significant shift in funding rate patterns, marking a transition from high volatility to unprecedented market stability.

Source name: beincrypto.com

5 months, 19 hours, 7 minutes ago

Justin Sun says he ‘welcomes' legal action from First Digital over stablecoin dispute

Sun claimed that First Digital Trust misappropriated $465 million worth of TrueUSD stablecoin reserves, which is being denied by FDT.

Source name: theblock.co

7 months, 16 hours, 39 minutes ago

$50 Million Bounty Offered by Tron's Justin Sun to Recover Stolen Trueusd Reserves

Tron founder Justin Sun has announced a $50 million bounty for information to help recover $456 million in misappropriated Trueusd stablecoin reserves. Sun Blames Licensed Intermediaries Tron founder Justin Sun has announced a $50 million bounty for information that will aid in the recovery of $456 million in misappropriated Trueusd stablecoin reserves.

Source name: news.bitcoin.com

7 months, 9 hours, 42 minutes ago

First Digital Trust Saga: Justin Sun To Launch $50M Bounty Program To Recover TUSD Reserves

As the First Digital Trust saga deepens, Tron founder Justin Sun has announced plans to launch a bounty program. The outspoken founder says the bounty will seek to recover misappropriated TUSD reserves while casting blame on First Digital Trust.

Source name: coingape.com

7 months, 11 hours, 22 minutes ago

Justin Sun offers $50M bounty for proof that First Digital Trust hid funds and crashed TUSD

Justin Sun is offering $50M bounty for information and evidence that First Digital Trust has diverted funds and has insufficient backing for its stablecoin, FDUSD. Previously, Sun supported TUSD with a loan, after its issuer Techteryx lacked $456M in liquidity to back up the stablecoin.

Source name: cryptopolitan.com

7 months, 11 hours, 54 minutes ago

Justin Sun Calls for Reform of Hong Kong's Trust Laws After TUSD Misappropriation Allegations

Sun said at a press conference that the current laws contain systemic loopholes.

Source name: coindesk.com

7 months, 18 hours, 24 minutes ago

Tron Founder Justin Sun Provides Emergency Funding to Stabilize TUSD Amid Reserve Crisis

Tron founder Justin Sun provided emergency funding to stabilize TrueUSD after its issuer faced a $456 million liquidity crisis due to illiquid investments, ensuring continued redemptions for users amidst allegations of mismanagement. The post Tron Founder Justin Sun Provides Emergency Funding to Stabilize TUSD Amid Reserve Crisis appeared first on Cryptonews.

Source name: cryptonews.com

7 months, 7 hours, 6 minutes ago

Justin Sun Accuses First Digital Trust of Insolvency, FDUSD Depegs to $0.87

Tron founder Justin Sun accused First Digital Trust of being insolvent regarding its TUSD stablecoin. This prompted another FDUSD, another asset from the same company, to temporarily depeg to a low of $0.87.

Source name: beincrypto.com

7 months, 8 hours, 44 minutes ago

Hong Kong court filings show Justin Sun bailed out TUSD stablecoin issuer after losing $450M reserves

According to a Hong Kong court filings, Justin Sun stepped in to bail out Techteryx's TrueUSD (TUSD) stablecoin after it saw nearly half a billion dollars of its reserves rendered illiquid. The issue started after Techteryx acquired TrueUSD from TrueCoin in December 2020.

Source name: cryptopolitan.com

7 months, 9 hours, 53 minutes ago

FDUSD stableboin depegs following claims made by Justin Sun

The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.First Digital responded to the claims by assuring users that the issuer is completely solvent and said that the dispute is with TrueUSD (TUSD), another stablecoin. The firm wrote in an April 2 X post: "Every dollar backing FDUSD is completely, secure, safe and accounted for with US backed T-Bills.

Source name: cointelegraph.com

7 months, 11 hours, 8 minutes ago

Tron Founder Justin Sun Steps In To Stabilize TUSD After $456M Reserve Crisis

Justin Sun, the founder of Tron, stepped in to provide crucial financial support to TrueUSD (TUSD) following a $456 million reserve crisis that left the stablecoin's reserves in a state of limbo. According to court documents filed in Hong Kong, a series of financial missteps and unauthorized investments by TUSD's fiduciary led to a significant

Source name: coingape.com

7 months, 11 hours, 22 minutes ago

FDUSD stablecoin depegs 9% after Justin Sun raises concerns over First Digital's solvency

Techteryx is suing First Digital for allegedly redirecting nearly half a billion dollars worth of TUSD reserves into illiquid investments.

Source name: theblock.co

7 months, 12 hours, 18 minutes ago

Tron's Justin Sun Bailed Out TUSD as Stablecoin's $456M Reserves Were Stuck in Limbo, Filings Show

Techteryx says it was the victim of what it called "large-scale fraud" rendering TUSD's stablecoin reserves stuck in illiquid investments made without its permission

Source name: coindesk.com

7 months, 14 hours, 18 minutes ago

Crypto Whale Buys $2.62M in $SLERF as Binance Launches Perps

Binance launches $SLERFUSDT and $SCRTUSDT perpetual contracts with up to 75x leverage. A crypto whale purchases $2.62 million worth of $SLERF, acquiring 6.13 million tokens.

Source name: thenewscrypto.com

1 years, 11 hours, 56 minutes ago

Solana's GRASS Surges 14% Amid Binance Perpetuals Listing

Binance Futures announced the launch of GRASSUSDT, DRIFTUSDT, and SWELLUSDT perpetual contracts with leverage of up to 75x. These contracts went live offering traders additional exposure to Solana's GRASS token, as well as DRIFT and SWELL.

Source name: coingape.com

1 years, 9 hours, 23 minutes ago

TrueCoin and TrustToken Settles with SEC for Misleading TUSD Backing

The SEC has settled the allegations and ordered a combined penalty of $700,000. The lawsuit was filed at the U.S. District Court for the Northern District of California.

Source name: thenewscrypto.com

1 years, 14 hours, 22 minutes ago

TrustToken and TrueCoin SEC settlement admits no fault or denial in TUSD case

TrustToken and TrueCoin, the entities behind the TrueUSD (TUSD) stablecoin, last week reached a settlement with the US Securities and Exchange Commission (SEC) over allegations of fraudulent and unregistered sales of investment contracts. The companies have agreed to pay a combined total of $700,000 in penalties and disgorgement without admitting or denying the SEC's findings.

Source name: cryptoslate.com

1 years, 15 hours, 37 minutes ago

TrueUSD Stablecoin Not Fully Backed by US Dollar

The SEC settled charges against TrueCoin and TrustToken for fraudulently marketing the TrueUSD stablecoin as fully backed by U.S. dollars.

Source name: coincu.com

1 years, 2 hours, 6 minutes ago

SEC Announces Settlement With TrueCoin and TrustToken Over TUSD Charges

Federal securities regulators have reached an agreement with TrueUSD (TUSD) issuer TrueCoin and lending protocol operator TrustToken to settle charges for the alleged and fraudulent sale of unregistered investment contracts.

Source name: dailyhodl.com

1 years, 9 hours, 42 minutes ago

Curve Finance might fully remove TUSD and reduce exposure to pyUSD

Curve Finance proposed the complete removal of TUSD from the crvUSD ecosystem after the US SEC charged TrueCoin with investor fraud. In addition, the DEX proposed reducing the overreliance on PayPal's pyUSD as collateral.

Source name: cryptopolitan.com

1 years, 13 hours, 36 minutes ago

Curve Finance Considers Dropping TrueUSD from Collateral List

The proposal suggests reducing TUSD's collateral backing to zero, effectively ending its support for crvUSD if approved.

Source name: coinspeaker.com

1 years, 15 hours, 21 minutes ago

Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD

“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

Source name: coindesk.com

1 years, 18 hours, 56 minutes ago

SEC Cracks Down on TrueUSD Creators Over Fraudulent Investments

TrueCoin and TrustToken, the companies responsible for the TrueUSD (TUSD) stablecoin, have reached a settlement with the Securities and Exchange Commission (SEC) following allegations of misconduct.

Source name: coinspress.com

1 years, 23 hours, 22 minutes ago

Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement

Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token.

Source name: news.bitcoin.com

1 years, 7 hours, 59 minutes ago

Curve mulls dropping TUSD as crvUSD backing after SEC charges

The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.

Source name: cointelegraph.com

1 years, 8 hours, 57 minutes ago

Caroline Ellison sentenced while the SEC targets TUSD

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.

Source name: blockworks.co

1 years, 14 hours, 43 minutes ago

TrustToken and TrueCoin Settle With US SEC For Fraud Charges

US SEC and crypto firms TrueToken and TrueCoin have arrived at an agreement to settle charges. The two companies faced charges from the regulator regarding the issuance of stablecoin TUSD.

Source name: thenewscrypto.com

1 years, 18 hours, 41 minutes ago

TrueUSD Issuers Settles Fraud Charges With SEC, Casting Doubts on Stablecoin's Backing

The firms behind TrueUSD, a USD-pegged stablecoin, have been charged by the U.S. Securities and Exchange Commission.

Source name: coinmarketcap.com

1 years, 21 hours, 7 minutes ago