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Adam Cochran, a partner at CEHV and an influential figure in the crypto industry, has launched a fiery accusation against Justin Sun, the founder of Tron. Cochran alleges that Sun has been involved in some strange and seemingly deceptive cryptocurrency dealings that have raised more than just a few eyebrows in the crypto community.
Crypto analyst Adam Cochran recently caused a stir in the cryptocurrency community when he called attention to a series of TrueUSD (TUSD) transactions made by Tron founder Justin Sun. Cochran highlighted a series of transactions made by Sun's address on the Tron blockchain, including minting $62 million worth of TUSD, withdrawing $50 million in USDT from Huobi, and depositing $50 million in USDT on Bitfinex.
Binance Holdings Ltd., the world's largest cryptocurrency exchange in terms of daily trading volume, has faced significant challenges and negative impacts as a result of legal actions initiated by the U.S. Securities and Exchange Commission (SEC).
Blockchain technology company Archblock is suing Tron (CRYPTO: TRX) founder Justin Sun for allegedly acquiring TrueUSD (CRYPTO: TUSD) through questionable methods. There were rumors that Sun secretly owned the stablecoin project.
In a lawsuit that has recently been filed, the founder of Archblock has made explosive claims against Justin Sun, the founder of TRON, accusing him of secretly acquiring significant quantities of the stablecoin TrueUSD (TUSD).
In a lawsuit, the founder of Archblock claims that Justin Sun secretly purchased quantities of the stablecoin True (TUSD).
The founder of Archblock, a prominent blockchain technology company, has filed a lawsuit alleging that Justin Sun, the founder of Tron and CEO of BitTorrent, was the secret acquirer of TrueUSD (TUSD).
Featured Image From Kraken, Chart From Tradingview. In today's news, the prominent stablecoin TrueUSD – with the ticker TUSD – is now undergoing a management change.
Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD's supply has dropped below the 4 billion mark as the token's number of coins in circulation has fallen 16.7% over the last month.
In June 2023, TrueUSD (TUSD) experienced significant growth and adoption across multiple blockchain ecosystems. With the circulating supply reaching 3,059,838,623 TUSD, backed by dollar reserves of over $3 billion, the stablecoin is gaining more recognition in the crypto markets.
Aave suspends TUSD reserves on its platform as it takes strict measures to safeguard users. However, activity on the protocol continues to decline.
A community proposal on Aave wants to freeze the True USD (TUSD) reserve on the Aave V2 Ethereum pool. The stablecoin has recently faced increased issues over its ownership structure.
Digital currency has long promised a realm of transparency and accountability, but as Professor and IT executive Adam Cochran delved into the intricate web of connections linking the digital asset TUSD to Justin Sun, it became clear that the picture was far from black and white.
With short interest mounting, traders say they're parsing liquidity, as well as pricing, on the stablecoin True USD.
The team that once worked with Sam Bankman-Fried on the books for FTX.US completed the attestation of troubled stablecoin TrueUSD's Proof of Reserves.
The TrueUSD team touts its high trading activity while holders fret over troubles at custodian Prime Trust.
TrueUSD (TUSD), a stablecoin pegged to the US dollar, has seen a significant drop in its value compared to tether (USDT) on Binance.US, the American branch of the global cryptocurrency exchange, Binance.
Former members of the now-defunct FTX.US accounting team, now operating as The Network Firm, have conducted the attestation of TrueUSD's proof-of-reserves (PoR) as the stablecoin seeks to regain stability following a brief de-pegging incident.
The stablecoin TrueUSD (TUSD) has yet again surrounded itself with controversy resulting in a depeg on the Binance.US exchange.
The TUSD market is in the red turf. TrueUSD (TUSD), a dollar-pegged stablecoin, is trading at a discount to its counterpart tether (USDT) on Binance.US, Binance's US subsidiary.
The dollar-pegged stablecoin TrueUSD (TUSD) is currently trading at a lower value compared to its counterpart tether (USDT) on Binance.US, the U.S. subsidiary of Binance. Data from the charting platform TradingView shows that the TUSD/USDT pair is trading at 89 cents on Binance.US, reaching a low of 80 cents on Wednesday.
While TrueUSD (TUSD) denies its exposure to crypto custodian Prime Trust, it has depegged for the second time this month. Prime Trust was placed into receivership on Tuesday after rival BitGo called off its bid to acquire Prime Trust.
