TrueUSD News

Funds meant for TrueUSD reserves were allegedly funneled into Aria Commodities’ projects, court documents show.

Dubai’s Digital Economy Court has ordered a worldwide freeze on $456 million linked to Justin Sun’s bailout of TrueUSD issuer Techteryx.

According to breaking news, the $456 million worth of assets that Justin Sun gave to TechTeryx to save the stablecoin called TrueUSD were frozen by the Dubai court. *This is not investment advice. Continue Reading: BREAKING: Troubling News for Tron...

Dubai’s Digital Economy Court said there was compelling evidence of a breach of trust and ordered a worldwide freeze to protect the assets.

US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these...

This content is provided by a sponsor. PRESS RELEASE. Hong Kong, May 6, 2025 – A new bounty program has been launched on the online platform Web3Bounty.io, which aims at finding leads and information about the approximately $456 million of the...

Hong Kong, May 6, 2025  –  A new bounty program has been launched on the online platform Web3Bounty.io, which aims at finding leads and information about the approximately $456 million of the TrueUSD (TUSD) stablecoin reserves being misappropriated....

TRON founder Justin Sun has issued an update on what he describes as a “$500 million fraud” involving misappropriated TrueUSD (TUSD) reserves.  The alleged scheme centers around a web of individuals and entities linked to First Digital Trust (FDT),...

Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking mechanism to help fix the protocol’s ongoing sUSD (SUSD) depeg.Warwick said in an April 21 post to X that it...

Stablecoin issuer First Digital Trust says it transferred over $500 million in TUSD reserves to the Dubai-based ARIA Fund at the request of Techteryx. Funds Transferred in Multiple Transactions First Digital Trust (FDT), the stablecoin issuer...