Search results for "SUN"
2026-04-17
08:03

Archblock files for bankruptcy, alleging related-party transactions involving Justin Sun and fraud in Eastern Europe

Crypto firms Archblock, TrustToken, and TrueCoin have filed for bankruptcy due to financial devastation after Techteryx failed to pay invoices and was defrauded by an Eastern European criminal group. The company has also been involved in multiple legal disputes, facing tax issues and high-risk investment losses, highlighting potential risks in the stablecoin industry.
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07:06

SEC drops Justin Sun case sparks regulatory controversy, U.S. crypto enforcement consistency questioned

The U.S. Securities and Exchange Commission withdraws its charges against Justin Sun, sparking congressional concerns about regulatory transparency and independence. Senators are asking for an explanation of the reasons behind this decision, questioning whether enforcement is influenced by external factors. The incident could change the U.S. crypto regulatory landscape and affect market confidence.
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