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news-imageSeptember 26, 2024

Curve Finance might fully remove TUSD and reduce exposure to pyUSD

Curve Finance proposed the complete removal of TUSD from the crvUSD ecosystem after the US SEC charged TrueCoin with investor fraud. In addition, the DEX proposed reducing the overreliance on PayPal's pyUSD as collateral.
Publisher: Cryptopolitan
Sentiment: Negative
CRV
TUSD

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cover-imageCryptonews
November 7, 2024

Fake Curve Finance App Returns to App Store

A fraudulent app impersonating Curve Finance has resurfaced on the Apple App Store, misleading users and causing massive financial losses despite previous removals, highlighting ongoing issues with app store security in the crypto space. The post Fake Curve Finance App Returns to App Store appeared first on Cryptonews.

Negative
cover-imageCryptoSlate
September 30, 2024

TrustToken and TrueCoin SEC settlement admits no fault or denial in TUSD case

TrustToken and TrueCoin, the entities behind the TrueUSD (TUSD) stablecoin, last week reached a settlement with the US Securities and Exchange Commission (SEC) over allegations of fraudulent and unregistered sales of investment contracts. The companies have agreed to pay a combined total of $700,000 in penalties and disgorgement without admitting or denying the SEC's findings.

Negative
cover-imageCrypto Economy
September 26, 2024

Curve Finance Seeks to Limit TUSD and PYUSD in crvUSD's Collateral Portfolio

TL;DR Proposal to Remove TUSD: Curve Finance is considering removing TrueUSD (TUSD) from crvUSD's collateral due to regulatory issues and concerns about TUSD's stability. Limiting PYUSD: The proposal also suggests reducing the minting capacity of crvUSD with PayPal's PYUSD from $15 million to $5 million to diversify and secure the collateral portfolio.

Negative
cover-imageBeInCrypto
September 25, 2024

SEC Reveals 99% of TUSD Stablecoin's Reserves Were Invested in Risky Fund

On Tuesday, the Securities and Exchange Commission (SEC) disclosed that TrueCoin LLC and TrustToken Inc., the parties behind the TrueUSD (TUSD) stablecoin, improperly invested nearly all their reserves in a speculative offshore fund. This revelation led to a settlement of charges against the companies for fraudulent and unregistered sales of investment contracts.

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