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Celsius Estate Sues TrueUSD Operators Over Alleged Mismanagement of Funds

Celsius Estate Sues TrueUSD Operators Over Alleged Mismanagement of Funds

Author:

Global Cryptocurrency

Published:

2026-01-22 12:52:03

11

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BTCCSquare news:

The Celsius estate has initiated legal action against Archblock, TrueCoin, and TrustToken, the operators behind TrueUSD. The lawsuit alleges these firms recklessly invested customer deposits in high-risk offshore assets without fiduciary safeguards, potentially endangering $12.92 million in unredeemed stablecoins.

Archblock disputes the claims while remaining entangled in ongoing litigation. Meanwhile, Techteryx—a Justin Sun-linked entity now overseeing TrueUSD—has filed separate suits regarding fund misappropriation. The case underscores growing scrutiny of stablecoin operators' risk management practices.

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