A Dubai court has ordered a worldwide freeze on $456 million tied to an alleged diversion of TrueUSD reserves, a move that names links to Justin Sun's Techteryx bailout. The freeze could deepen scrutiny of stablecoin collateral practices and cross-border enforcement.
Dubai’s Digital Economy Court issued a worldwide freezing order in a $456 million TrueUSD reserve shortfall case after allegations funds were diverted through Aria Commodities DMCC and Tron founder Justin Sun stepped in to support token holders.
Dubai's Digital Economy Court has upheld a worldwide freezing order on $456 million tied to Justin Sun's bailout of Techteryx, the issuer of the TrueUSD stablecoin. The order aims to preserve assets while legal claims over a reserve shortfall proceed.