Justin Sun Accused of Covertly Acquiring TrueUSD: Archblock Lawsuit

Published 18/07/2023, 13:45
Justin Sun Accused of Covertly Acquiring TrueUSD: Archblock Lawsuit
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  • CEO of Archblock files a lawsuit accusing Justin Sun of covertly acquiring TrueUSD.
  • The lawsuit alleges Sun manipulated the market by secretly accumulating TUSD, potentially impacting its value.
  • Sun’s past controversies and legal charges contribute to doubts about his credibility and reputation.

The founder of DeFi marketplace Archblock has filed a lawsuit claiming that Justin Sun, the founder of Tron and CEO of BitTorrent, covertly acquired TrueUSD (TUSD). The news was reported by the crypto news source known as db on Twitter earlier today.

The lawsuit suggests that Sun made use of various entities and individuals to carry out the acquisition, intentionally concealing his role in the process. The allegations raise concerns about Sun’s transparency and credibility within the cryptocurrency industry and, if they are proven, could have serious legal implications.

The lawsuit accuses Sun of manipulating the cryptocurrency market by secretly accumulating a substantial amount of TUSD. This covert acquisitio…

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The post Justin Sun Accused of Covertly Acquiring TrueUSD: Archblock Lawsuit appeared first on Coin Edition.

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