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Dubai court freezes $456m linked to justin sun’s bailout of trueusd issuer techteryx dubai’s digital economy court said there was compelling evidence of a breach of trust and ordered a. Dubai’s difc court extended a $456m asset freeze tied to trueusd reserves allegedly linked to tron founder justin sun and aria dmcc’s misused funds. A judge ordered a freeze of $456 million in assets tied to a stablecoin reserve bailout that reportedly involved tron founder justin sun.
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A dubai court froze $456m in assets linked to trueusd reserves, raising questions about stablecoin backing and tron founder, justin sun’s involvement. Dubai’s digital economy court released the order to freeze a $456 million fund linked to justin sun, sparking another controversy in the community. A dubai court has frozen $456 million in assets linked to trueusd’s reserve shortfall, which justin sun previously covered to bail out token holders, coindesk reported today
According to the ruling, the funds in question were allegedly transferred from trueusd’s reserves to aria commodities.