SEC Exposes 99% of TUSD Reserves in Speculative Offshore Funds: TrustToken and TrueCoin Accused of Investor Deception

COINOTAG disclosed on September 25 that market updates indicate significant concerns from the U.S. Securities and Exchange Commission (SEC) regarding TUSD reserves. The SEC revealed that an astounding 99% of TUSD reserves were allocated to “speculative offshore funds.” This revelation comes on the heels of prior allegations by the SEC against TrustToken and TrueCoin, asserting that these operators of the stablecoin TUSD have misled investors about their investment strategies. The ongoing scrutiny underscores the necessity for transparency in the increasingly popular stablecoin market, where trust and verifiable information are paramount. Investors and market participants are urged to remain vigilant and well-informed about the entities they engage with in the crypto ecosystem.