Truebit (TRU) news

US SEC Charges TrueCoin, TrustToken for Stablecoin Investment Program

The SEC accused TrustToken and TrueCoin of investing 99% of the reserves backing TUSD in a risky fund with redemption issues.

SEC Settles Fraud Case with TrustToken and TrueCoin Over TUSD Misrepresentation

SEC charges TrustToken and TrueCoin for defrauding investors

TRU fell more than 5 per cent in the short term, temporarily trading at $0.0975

SEC Charges TrueCoin and TrustToken for defrauding investors

Share link:In this post: The SEC has charged TrueCoin and TrustToken for lying to investors about the stability of their stablecoin, TrueUSD (TUSD), while engaging in risky, unregistered sales. TrueCoin and TrustToken falsely claimed TUSD was fully backed by U.S. dollars when, in reality, they had invested much of the reserves in a high-risk offshore fund. 99% of TUSD’s reserves are tied up in this speculative fund, yet the companies continued to mislead investors.

SEC settles charges against TrueCoin LLC and TrustToken Inc. involving stablecoin TrueUSD

Quick Take Both TrueCoin and TrustToken did not admit or deny the agency’s allegations and agreed to pay $163,766 in penalties each. From November 2020 until April 2023, TrueCoin and TrustToken “engaged in the unregistered offer and sale of investment contracts in the form of the crypto asset TUSD, the SEC said.

Aave Rakes in $6M Overnight: DeFi’s Big Win

Institutional Investors Eye DeFi: DWF Labs Partners with TrueFi

DWF Labs has become a market maker for TRU, and the relevant address has received 7.5 million TRU

BONK increases by 13.29% in 24 hours

A new wallet withdrew 14.43 million TRU from Binance 2 hours ago and pledged it on TrueFi

TrueFi Launches Arbitrum to Expand On-Chain Credit Business

Bitget Research: BWB Launches on Bitget Launchpad, RWA Sector Continues to Rise

In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.

DOG's weekly increase exceeded 200%; NOT's weekly increase exceeded 100%

BlockTower Capital’s Primary Hedge Fund Falls Victim to Fraud

Data from PitchBook indicates that the company manages $1.7 billion in assets.

BlockTower Capital's main hedge fund 'partially drained' in attack: Bloomberg

The crypto investment firm’s main hedge fund has been compromised, Bloomberg reported — citing sources with knowledge of the matter. The undisclosed amount of stolen funds remained missing.

BlockTower Capital Suffers Losses in a Recent Hack, Hacker Unidentified

Bitget Futures Market Updates

CKB has increased by more than 37% in 24 hours, and BEL has increased by more than 27% in 24 hours

The RWA tokens RSR and TRU have increased by 19.16% and 16.13% respectively in the last 24 hours

TrueFi Launches USD-Based TRI Token for RWA Asset Trading

Trending assets—RWA track (ONDO, TRU, HIFI)

RWA asset aggregation platform TProtocol announced the completion of angel round financing, with participation from Summer Ventures and others

The size of the tokenized U.S. Treasury bond market exceeded US$700 million, an increase of nearly 6 times from the beginning of the year