cryptopolitan.com
Two crypto companies, TrustToken and TrueCoin, have been charged by the SEC for defrauding their investors related to a stablecoin investment program.
The Security and Exchange Commission announced fraud-related charges against TrueCoin and TrustToken in a press release today, September 2024.
The basis of these charges were the unregistered and scam sales of investment contracts, involving the stablecoin, $TUSD.
$TUSD was issued by TrueCoin, whereas TrustToken was behind the purported lending protocol called TrueFi.
Additional reporting by Noor Bazmi