Loonies
@loonies
The US SEC announced a settlement with TrustToken and TrueCoin, the latter of which was suspected of defrauding TUSD investors. The SEC stated: “As alleged, by September 2024, 99% of the reserves backing TUSD were invested in the speculative fund” and the defendants “offered and sold TUSD together with profit-making opportunities”. TUSD is suspected to be a stablecoin controlled by Justin Sun team.
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