Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims相关文章

Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims相关文章

Bitcoin.comBitcoin.com2024/09/25 15:18
By:Bitcoin.com

According to the SEC’s complaint released on Tuesday, Truecoin and Trusttoken allegedly falsely marketed TUSD as a stablecoin fully backed by U.S. dollars while a substantial portion of the assets were invested in a speculative offshore fund. From November 2020 until April 2023, the companies reportedly engaged in unregistered sales of investment contracts tied to TUSD and the Truefi lending platform.

By Fall 2022, they were aware of redemption problems with the offshore fund, yet continued to make false statements about TUSD’s backing. By September 2024, the SEC claims 99% of the reserves were invested in the risky fund. The SEC further highlighted that the companies’ actions exposed investors to significant, undisclosed risks.

Without admitting or denying the charges, the SEC press release states that Truecoin and Trusttoken agreed to settle by paying penalties and disgorgement, with final judgments pending court approval. Acting Chief Jorge G. Tenreiro of the SEC’s Crypto Assets and Cyber Unit emphasized the importance of registration for providing investors with critical information. The announcement also noted that the SEC’s investigation into the matter is ongoing.

In January 2024, TUSD lost its peg, dipping to $0.979 per coin. Fast forward to the end of March, and the stablecoin’s supply had dropped dramatically from 1.1 billion to 612 million TUSD. As of today, it’s down even further, with a market cap sitting at $495 million, a mere 0.0215% of the $2.3 trillion total crypto market value. Over the past 24 hours, TUSD’s global trade volume reached $19,390,191, which makes up roughly 0.02074% of the $93.52 billion traded on Tuesday.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: CryptoQuant

Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data.Positive funding rates and record leverage ratios highlight increased risk-taking, with traders betting on rising Ethereum prices.

The Block2024/11/22 10:33

US dollar index DXY breaks through 108

Cointime2024/11/22 10:00