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Dubai's Digital Economy Court has frozen $456 million tied to Justin Sun's bailout of Techteryx, the issuer of the TrueUSD stablecoin, due to alleged breaches of trust. The case centers on claims that TrueUSD's reserves were improperly diverted into Aria Commodities DMCC, a Dubai-based

A Dubai court has ordered the freezing of $456 million linked to Justin Sun’s financial support of TrueUSD issuer Techteryx. The court found compelling evidence of a breach of trust concerning the reserves of the TrueUSD stablecoin, which were allegedly misdirected into Aria Commodities DMCC, a Dubai-based trade finance

Dubai’s Digital Economy Court has frozen $456 million linked to a reserve shortfall of the TrueUSD stablecoin, amidst allegations of a breach of trust by Techteryx, the issuer. The funds had been allegedly transferred to Aria Commodities DMCC, a Dubai-based firm, which is accused of misappropriating the assets into

Dubai’s Digital Economy Court has ordered a worldwide freeze on $456 million linked to a breach of trust involving TrueUSD, a stablecoin issuer. The dispute arises from claims that funds from TrueUSD’s reserves were improperly redirected to Aria Commodities DMCC, a Dubai firm owned by financier Matthew William

Dubai’s Digital Economy Court has ordered a worldwide freeze of $456 million connected to a dispute involving the TrueUSD stablecoin. The court found compelling evidence of a breach of trust regarding the reserve funds that were allegedly misappropriated into Aria Commodities DMCC, a Dubai-based trade-finance firm. Techteryx claims that

Dubai’s Digital Economy Court has ordered a worldwide freeze on $456 million linked to Justin Sun’s financial assistance to Techteryx, the issuer of the TrueUSD stablecoin, due to evidence of a breach of trust. The dispute revolves around claims that TrueUSD’s reserves were improperly used to fund