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Sun accused FDT of exploiting gaps in Hong Kong’s trust company regime and urged regulators to act after a Dubai court froze assets linked to the alleged misappropriation.

The post Justin Sun Details New Progress in $456M TUSD Fraud After Worldwide Asset Freeze appeared first on Coinpedia Fintech News Justin Sun held a media briefing in Hong Kong today, offering his clearest update yet on the ongoing effort to recover...

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In a statement to CoinDesk, FDT's Vincent Chok said his company "welcomes any steps that assist Techteryx in pursuing recovery of its funds from the Aria entities."

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.

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....

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Justin Sun once again set the crypto world abuzz. As reported by CoinDesk, Sun stepped in with a critical injection of liquidity to support TrueUSD (TUSD) amid a staggering $456 million reserve gap—averting a potential depegging crisis that could...

Hong Kong lawmaker Johnny Ng has vowed that authorities will act quickly if fraud allegations against First Digital Trust (FDT), the issuer of the FDUSD stablecoin, are confirmed. In an April 3 post on X, Ng assured investors that the city’s crypto...