News with the tag "truecoin"

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. The US Securities and Exchange Commission (SEC) accuses TrueCoin and TrustT...

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. TUSD Faces Removal From Curve Finance Pegkeep...

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

The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator C...

The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

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. The leaked data includes first and last names, email addresses, phone numbers, and even bank details. ...