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Stablecoin issuer First Digital Trust says it transferred over $500 million in TUSD reserves to the Dubai-based ARIA Fund at the request of Techteryx. Funds Transferred in Multiple Transactions First Digital Trust (FDT), the stablecoin issuer currently embroiled in a bitter dispute with Tron blockchain founder Justin Sun, said it transferred over $500 million in … Read more
North Korea’s Lazarus Group has been identified as the likely perpetrator of a $3.1 million cryptocurrency theft from a Tron user, according to onchain investigator ZachXBT, marking the latest exploit tied to the sanctioned hacking collective North Korean Hackers Suspected in $3.1M Exploit The Feb. 28, 2025, attack targeted an unnamed victim, with stolen funds … Read more
TRM Labs highlighted that Tron experienced the largest decline in volumes linked to illicit activity during 2024, with a reduction of $6 billion, almost halving the numbers registered in 2023. It stated that this is in part thanks to the actions of the T3 Financial Crime Unit established in August. TRM Labs Report Shows Tron … Read more
The United States Securities and Exchange Commission (SEC) has filed an amended lawsuit against Tron founder Justin Sun, claiming he spent a significant amount of time in the U.S., thus granting the SEC jurisdiction over him and his businesses. The SEC alleges that Sun’s extensive travel within the U.S., totaling at least 380 days between … Read more
Academy award-winning composer Hans Zimmer has created an anthem for TRON, founded by the controversial entrepreneur Justin Sun, a prominent figure in the cryptocurrency space known for his brash personality. The Tron Anthem by Zimmer, dubbed the song for the “Web3 Generation,” aims to encapsulate the trials Sun has faced, amidst Sun being sued by … Read more
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the … Read more
The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today is Makerdao, leading … Read more
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s … Read more
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the … Read more
Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized by 314% … Read more