TUSD Issuer's Rights Safeguarded through Major Legal Progress, Justin Sun Thanks Dubai Digital Economy Court Ruling

By: theblockbeats.news|2025/11/13 07:45:54
0
Share
copy

BlockBeats News, November 13, Tron Foundation Founder Justin Sun responded to the Dubai Digital Economy Court's ruling on X, expressing appreciation for the court's issuance of a worldwide freeze order to protect TUSD holders' rights for the first time. Justin Sun said: "Justice may be delayed, but it will never be absent."

The freeze order this time involved $456 million in funds related to Justin Sun's rescue of TrueUSD issuer Techteryx. In the ruling, the Dubai Digital Economy Court pointed out that Techteryx had "serious issues to be resolved" and determined that the funds in question should be held in trust to prevent improper transfer or concealment of assets. The funds in question had been controversial due to the TrueUSD reserve gap issue and involved Dubai trade finance company Aria Commodities DMCC.

The incident dates back to the period between 2021 and 2022 when part of the TrueUSD reserve funds flowed into Aria's company account managed by Hong Kong trustee First Digital Trust (FDT). Techteryx accused these transfers of violating the custody terms, converting the original cash reserves into long-term loans and private transactions. In April 2025, Justin Sun held a press conference in Hong Kong, accusing financial institutions including First Digital Trust Limited (FDT) and Legacy Trust Company Limited (Legacy Trust), as well as a private company in Dubai, of illegally diverting $456 million in fiat currency reserves from TUSD.

You may also like

Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling

Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Looking at Stripe's ambitions and the future of stablecoins from OUSD

Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.

Do you want to buy CRCL?

A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

The most secretive AI winner

A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.
Creator Challenge
Create, share & earn up to 800 USDT
Creator ChallengeInvite

Popular coins

Latest Crypto News

12:42

U.S. short-term interest rate futures surged, as the market reduced bets on interest rate hikes

According to Jinshi reports, U.S. short-term interest rate futures surged after the non-farm payroll data was released, as the market reduced bets on a Federal Reserve rate hike.The market has now fully absorbed the expectation of a Federal Reserve rate hike in December, whereas the previous expecta...
12:42

U.S. Treasury yields fell, with the 10-year Treasury yield at 4.457%

According to Jinshi, U.S. Treasury yields fell after the non-farm payroll report was released, with the latest 10-year Treasury yield down 1.76 basis points, reported at 4.457%.
12:42

In June, the seasonally adjusted non-farm payroll employment in the United States was 57,000, with an expectation of 110,000

According to Jinshi, the seasonally adjusted non-farm payrolls in the United States increased by 57,000 in June, lower than the market expectation of 110,000, and the previous value was revised from 172,000 to 129,000.
12:42

The U6 unemployment rate in the United States for June is 7.9%, higher than the expected 6.2%

According to Jinshi, the U6 unemployment rate in the United States for June is 7.9%, higher than the market expectation of 6.2%, and the previous value was 8.1%.
12:42

The unemployment rate in the United States for June is 4.2%, expected to be 4.30%, previous value 4.30%

According to Jinshi, the unemployment rate in the United States for June is 4.2%, expected to be 4.30%, previous value 4.30%.
Read more
Community
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com