TUSD Issuer's Rights Safeguarded through Major Legal Progress, Justin Sun Thanks Dubai Digital Economy Court Ruling

By: theblockbeats.news|2025/11/13 15:45:53

0

Share

copy

BlockBeats News, November 13, Tron Foundation Founder Justin Sun responded to the Dubai Digital Economy Court's ruling on X, expressing appreciation for the court's issuance of a worldwide freeze order to protect TUSD holders' rights for the first time. Justin Sun said: "Justice may be delayed, but it will never be absent."

The freeze order this time involved $456 million in funds related to Justin Sun's rescue of TrueUSD issuer Techteryx. In the ruling, the Dubai Digital Economy Court pointed out that Techteryx had "serious issues to be resolved" and determined that the funds in question should be held in trust to prevent improper transfer or concealment of assets. The funds in question had been controversial due to the TrueUSD reserve gap issue and involved Dubai trade finance company Aria Commodities DMCC.

The incident dates back to the period between 2021 and 2022 when part of the TrueUSD reserve funds flowed into Aria's company account managed by Hong Kong trustee First Digital Trust (FDT). Techteryx accused these transfers of violating the custody terms, converting the original cash reserves into long-term loans and private transactions. In April 2025, Justin Sun held a press conference in Hong Kong, accusing financial institutions including First Digital Trust Limited (FDT) and Legacy Trust Company Limited (Legacy Trust), as well as a private company in Dubai, of illegally diverting $456 million in fiat currency reserves from TUSD.

You may also like

Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report

Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report

1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz 2. Token Unlock: $ENA

Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later

Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later

The sound is still in the distance, so the days can still go on.

72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million

72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million

These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.

How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo

How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo

In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.

I have given up using OpenClaw

I have given up using OpenClaw

Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.

WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment

WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment

The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.

Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week

Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week

Overview of Important Market Events on March 1

The harvesting tactics of the quantitative giant Jane Street

The harvesting tactics of the quantitative giant Jane Street

Quantitative giant Jane Street has been accused of manipulating the liquidity and derivatives of markets such as the Indian stock market and Bitcoin, earning billions of dollars in the process.

Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million

Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million

Top universities like Harvard have started to allocate to Bitcoin ETFs in their endowment funds.

WLFI at it Again? Banking License Controversy Amid $500M Investment

WLFI at it Again? Banking License Controversy Amid $500M Investment

The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

The world belongs to Chinese people who speak English

The world belongs to Chinese people who speak English

The world is vast, and only playing half of it is truly a loss.

Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report

1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz 2. Token Unlock: $ENA

Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later

The sound is still in the distance, so the days can still go on.

72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million

These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.

How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo

In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.

I have given up using OpenClaw

Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.

WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment

The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.

Popular coins

Latest Crypto News

12:43

In February, the total financing amount for cryptocurrency companies reached $883 million, but the number of transactions hit a new low in 5.5 years

According to data from The Block cited by crypto KOL YashasEdu, the total financing for crypto startups in February reached $883 million. However, overall, the number of venture capital transactions hit a new low in 5.5 years, with financing down about 80% from the peak in 2022.Funds are concentrati...

12:43

U.S. media: If Iran's next leader acts pragmatically, sanctions on Iran may be lifted

During an interview, President Trump stated that if necessary, the U.S. military intends to sustain attacks on Iran for "four to five weeks," and insisted that Israel and the U.S. "will not have difficulty" maintaining combat intensity, while also warning that there may be more casualties among U.S....

12:43

Opinion founder: hopes the community will lower expectations for the S1 airdrop and emphasizes that more importance will be placed on S2 rewards

Opinion founder Forrest stated in the official Discord that, based on the current market conditions, he hopes community members will lower their expectations for the S1 season token airdrop. Additionally, he emphasized that more importance will be placed on the S2 season rewards.

12:43

Data: A trader made three bets on Arsenal winning within 3 days, accumulating a profit of 3.67 million dollars

According to Lookonchain monitoring, a trader named majorexploiter spent 4.53 million USDC 9 hours ago betting on Arsenal Football Club to win on March 1, 2026, and earned a profit of 2.42 million dollars.Data shows that he made 3 related bets in less than 3 days, all of which were profitable, with ...

12:43

Data: The market value of the meme coin PsyopAnime briefly rebounded to 10 million dollars, with a 24-hour increase of 35%

According to GMGN monitoring, the market capitalization of the Solana ecosystem Meme coin PsyopAnime is currently reported at 8.85 million USD, with a current price of 0.0088 USD, and a 24-hour increase of 35%. This Meme coin is based on the X platform account PsyopAnime, which is a creative collect...