Justin Sun bailed out Techteryx's TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid, people close to the matter confirmed, and the stablecoin issuer ...

According to a Hong Kong court filings, Justin Sun stepped in to bail out Techteryx’s TrueUSD (TUSD) stablecoin after it saw nearly half a billion dollars of its reserves rendered illiquid.

It also alleged that Techteryx, the issuer of TrueUSD (TUSD) stablecoin, and Sun are “attempting to deflect the blame” and evade their own obligations to properly manage TUSD reserves.

Sun’s attack against First Digital Trust appears linked to a recent legal filing in Hong Kong by Techteryx, the issuer of the TrueUSD stablecoin, against First Digital Trust. This filing was ...

FDT followed its fiduciary duties, acted in clients' best interests, complied with instructions from Sun and his nominees, which were signed off by Techteryx directors, and noted that the company ...

Justin Sun's emergency funding for TUSD shows the critical role of swift intervention in stabilizing a major stablecoin during a severe liquidity crisis. Allegations of reserve mismanagement and ...

Sun’s attack against First Digital Trust appears linked to a recent legal filing in Hong Kong by Techteryx, the issuer of the TrueUSD stablecoin, against First Digital Trust. This filing was first ...