Sign in Subscribe

Live Feed

Dubai Court Issues Worldwide Freeze of $456 Million Tied to Justin Sun's Stablecoin Bailout

A Dubai judge has ordered a worldwide freeze on $456 million in assets connected to Tron founder Justin Sun's involvement in the bailout of TrueUSD stablecoin reserves. The ruling, made on October 17, will keep the injunction and freeze in place until further court decisions. The involved entity, Aria DMCC, was named as the primary defendant in the case, which pertains to allegations of misappropriated stablecoin reserves where Sun is implicated. According to court documents, the funds were allegedly sent directly to Aria Commodities DMCC in Dubai instead of a Cayman Islands fund, leading to claims of breach of trust and improper receipt of funds. This case highlights growing scrutiny into the operations surrounding cryptocurrencies and stablecoins within regulated markets.

Source 🔗

Read next

Brazil Targets Illegal Bitcoin, Stablecoin Use Through New Proposals

Brazil's government is implementing stricter regulations on cryptocurrencies to combat their illicit use. The central bank announced on November 12, 2025, that transactions involving virtual assets tied to fiat currencies will now be categorized as foreign exchange operations. This change is part of a broader effort initiated by

Brazil Targets Illegal Bitcoin, Stablecoin Use Through New Proposals

Brazil's government and central bank are tightening rules on crypto use to address criminal activities. A new rule proposed by the central bank states that transactions involving virtual assets pegged to fiat currency will be classified as foreign exchange operations. This new regulation aims to enhance monitoring and

Brazil Targets Illegal Bitcoin, Stablecoin Use Through New Proposals

Brazil is tightening its regulatory framework around cryptocurrencies, particularly targeting the criminal use of virtual assets. The central bank proposed a rule that designates the buying, selling, or exchanging of virtual assets pegged to fiat currency as a foreign exchange operation. This regulation aims to enhance supervision and enforcement against