The TrueFi price is $0.03, a change of -0.41% over the past 24 hours as of 9:19 a.m. The recent price action in TrueFi left the tokens market capitalization at $36,949,085.34. So far this year, TrueFi has a change of 29.84%. TrueFi is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).
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The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
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Bankrupt trading firm Alameda Research has $7.2 million in outstanding debt from a TrueFi credit facility.
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Archblock, the underwriter of the loan, joins the court-advised liquidation process of crypto hedge fund Invictus' parent company in an attempt to recover losses for investors.
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This is the second time in a month that a lender defaulted on an unsecured loan on the decentralized lending protocol.
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