Latest News and Articles about Stablecoin Fraud
54,000 Fake Stablecoins Flood Market in 2025 Post-GENIUS Act Chaos
Over 50,000 Fake Stablecoins Swarm Market in 2025 After GENIUS Act Approval Picture this: you check your crypto wallet, thrilled to see a chunk of USDT, only to realize it’s a worthless fake—part of a staggering 54,000 scam tokens flooding the market since July 2025. The GENIUS Act, heralded as a gateway to stablecoin innovation, […]
Read MoreDubai Court Freezes $456M in Justin Sun’s TrueUSD Bailout Over Fraud Allegations
Dubai Court Freezes $456M in Justin Sun’s TrueUSD Bailout Amid Explosive Fraud Claims Dubai’s Digital Economy Court has dropped a bombshell, ordering a worldwide freeze on $456 million tied to Justin Sun’s bailout of Techteryx, the issuer of the TrueUSD stablecoin. This drastic move, meant to stop the funds from slipping into the shadows, lays […]
Read More