What does this mean for our claims? Can we regain ownership?
The tfUSD claim against the loan to Albo/Delt was only being administered by Archblock as I recall. Is this right? Not sure what that means for the creditors in that case.
Actually, I think the loan was originally taken from lenders from TruTrading. That means that actually, the lenders to the tfUSDC pool are creditors to TruTrading / Archblock.
I think the tfUSDC lenders would need to file with the Delaware bankruptcy court a claim and identify themselves and pursue Archblock in bankruptcy.
For clarity, matters related to Archblock’s Chapter 11 proceedings and the associated claims process are separate from the current operations and governance of TrueFi. While Archblock and related entities historically played roles within parts of the early TrueFi ecosystem, the protocol today operates independently of Archblock’s corporate structure and legal processes.
Over the past year the Board and Foundation have taken deliberate steps to separate the protocol’s future from those legacy arrangements. The proposed reconstitution and rebranding of the ecosystem to Brila is part of that effort and is intended to establish a clean operational and governance structure going forward.
At the same time, we believe it is important to maintain transparency and preserve the historical record. For that reason, the TrueFi forum will remain available as a public archive and communication channel, including for discussions related to Archblock or other legacy matters.
However, it is important to reiterate for the public record that the current Board, the Foundation, and the future Brila ecosystem are not affiliated with Archblock.
The purpose of the rebranding process is precisely to formalize that separation and allow the protocol to move forward independently.