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TrueCoin's internal systems were not impacted or accessed, as the company confirmed that the attack was an isolated incident and limited to a third-party vendor.
Security breach is everyday news in the crypto space these days. In the absence of a regulated environment, frauds and scams are common. TrueUSD (TUSD) is a stablecoin that maintains a 1:1 peg to the US dollar, built on the Ethereum network with transparent proof-of-reserve attestation.
Stablecoin issuer TrueUSD fell victim to a large-scale security breach. The breach led to the exposure of a significant amount of personally identifiable information belonging to TrueUSD customers.
TrueUSD client data, including names and blockchain wallet addresses, is exposed following a security breach involving a third-party vendor.
Key Points: TUSD team received a concerning notification from TrueCoin alert , indicating a security breach detected by a third-party vendor. Specifically, the vendor's Security Team uncovered an anomalous account change within TrueCoin's organization, attributed to a compromised support vendor.
TrueUSD has sent an email to its clients, warning them about a security breach that led to the exposure of personally identifiable information.
The crypto market, which had recently been relatively stable, experienced a sudden disruption today as Bitcoin's price dipped by 2% from its opening value. This downward shift had a ripple effect, causing altcoins like XRP to lose 3.37% in value, while Ethereum (ETH) experienced a modest 2.2% decline.
In the ever-evolving world of digital currencies, a recent transaction has captured the attention of crypto enthusiasts and experts alike. Justin Sun, a prominent figure in the cryptocurrency space, raised eyebrows with a colossal minting of TUSD (TrueUSD), a lesser-known stablecoin.
Justin Sun, Tron founder and Huobi board member, triggers upheaval through an immense TUSD minting spree.
Justin Sun, the founder of TRON, is making headlines for minting $815 million worth of TrueUSD (TUSD), despite the stablecoin experiencing limited adoption in the crypto industry.
In recent developments in the world of cryptocurrency trading, the landscape on Binance, one of the leading crypto exchanges, has witnessed significant shifts in the trading volumes of stablecoins. As digital assets continue to gain popularity, traders and investors closely monitor these trends for insights into market dynamics.
On Friday afternoon, HTX board member Justin Sun undertook a mass printing of the little-used stablecoin TUSD, a move that caught the attention of traders as over $815 million entered circulation in less than 15 minutes.
In a significant move, Binance, the leading global cryptocurrency exchange, has recently announced its plans to burn a range of Binance-pegged tokens. This strategic decision comes amidst growing regulatory challenges in the United States, particularly from the Securities and Exchange Commission (SEC).
Cryptocurrency exchange giant Binance has taken significant steps in its ongoing process of disengagement from its stablecoin BUSD. The exchange announced a token burn for idle Binance-pegged BUSD tokens across various blockchain networks.
While most crypto market analyses predominantly focus on Bitcoin and Ethereum, given their stature as the two largest and most influential cryptocurrencies, it's crucial to underscore that stablecoins are an equally pivotal market force. Stablecoins saw their all-time high in March 2022.
TrueUSD (TUSD) recently announced a market cap of $3.4 billion, surpassing Binance USD (BUSD) for the first time.
The stablecoin ecosystem has been buzzing with activity this week, as the once-dominant Binance USD (BUSD) relinquishes its position among the top players. This intriguing shift has been brought about by a reduction in BUSD's supply, dropping below the 3 billion mark.
The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset's supply dwindling below the 3 billion mark, while in a surprising twist, the stablecoin trueusd (TUSD) experienced a surge in supply from 2.9 billion to 3.
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects.
Alchemy Pay partners with TrueUSD to enable direct crypto purchases via fiat in 173 countries, enhancing accessibility and transparency in the crypto industry.
Understanding the dynamics of stablecoin supplies is a crucial aspect of crypto market analysis, as stablecoins play a pivotal role in the cryptocurrency ecosystem. Fluctuations in the market cap of these pegged assets can signal shifts in investor sentiment, liquidity changes, and overall market health.
The circulating supply of TrueUSD (TUSD), a highly liquid stablecoin, has seen a significant increase of almost $250 million between July 29 and July 30.
FDUSD traded at a premium to the world's largest stablecoin USDT briefly on 28 July, reflecting greater demand for the newly-listed asset.
Tron co-founder, Justin Sun, is facing more allegations of engaging in questionable tactics to mint TUSD out of "thin air"
