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 ...

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 ...

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 is ...

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 said in ...

“I have great confidence in Hong Kong’s rule of law and our law-enforcement agencies,” Ng wrote. The lawmaker’s assessment marks an effort to defend the reputation of Hong Kong’s Web3 ...

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 ...

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 ...

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 clash with FDT came after CoinDesk reported that he bailed out Techteryx's TrueUSD stablecoin when close to half a billion dollars of its reserves became illiquid, according to Hong Kong ...

“First Digital stands firm: Justin Sun’s baseless accusations won’t distract from Techteryx’s own failures— our stablecoin FDUSD remains fully backed and solvent,” wrote First Digital ...