Latest News for: tusd

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Justin Sun Accuses First Digital Trust of $500M Misappropriation, Prompting FDUSD Depeg and TUSD Bailout

BitRSS 03 Apr 2025
Justin Sun, founder of the Tron blockchain, has accused First Digital Trust (FDT) of misappropriating $500 million in client reserve funds, leading to a significant depeg of the stablecoin FDUSD ... .
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Justin Sun Calls for Reform of Hong Kong's Trust Laws After TUSD Misappropriation Allegations

CoinDesk 03 Apr 2025
Chok, however, acknowledged he was previously unaware of the familial connection between Aria CFF and Aria DMCC — the funds where TUSD's reserves are held up ... The token is still very much solvent, Chok said ... .
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Hong Kong reevaluates crypto trust rules amid Justin Sun’s First Digital Trust allegations

Cryptoslate 03 Apr 2025
According to Sun, FDT diverted Techteryx’s TrueUSD (TUSD) reserves by capitalizing on the inadequate regulatory oversight in Hong Kong’s crypto trust sector.
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Justin Sun says First Digital Trust is insolvent after rescuing TUSD stablecoin

BTC Manager 02 Apr 2025
Tron founder Justin Sun has publicly declared that First Digital Trust, a Hong Kong-based fiduciary, is insolvent and unable to fulfill client fund redemptions. In an X post, Sun urged users to take immediate action to secure their assets and ....
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Tron Founder Justin Sun Steps In To Stabilize TUSD After $456M Reserve Crisis

BitRSS 02 Apr 2025
Justin Sun, the founder of Tron, stepped in to provide crucial financial support to TrueUSD (TUSD) following a $456 million reserve crisis that left the stablecoin’s reserves in a state of limbo. According to court documents filed in Hong... .
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Hong Kong court filings show Justin Sun bailed out TUSD stablecoin issuer after losing $450M reserves

Cryptopolitan 02 Apr 2025
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.
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Tron's Justin Sun Bailed Out TUSD as Stablecoin's $456M Reserves Were Stuck in Limbo, Filings Show

CoinDesk 02 Apr 2025
Techteryx then took full operational control of TUSD in July 2023, terminating TrueCoin's involvement. As part of a transitional period following the December 2020 sale, TrueCoin continued running the day-to-day operations of TUSD.
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Decoding the Justin Sun Lawsuit: Shocking Truth About TUSD and FDUSD Controversy

Bitcoin World 02 Apr 2025
Recently, a wave of uncertainty washed over the stablecoin market, particularly concerning TUSD and FDUSD ... Justin Sun Lawsuit Targets TUSD, Not FDUSD ... Focus on TUSD ... FDT, based in Hong Kong, plays a critical role as the custodian for TUSD reserves.
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Urgent Warning: Justin Sun Exposes Shocking FDT Insolvency & Hong Kong Crypto Regulation Flaws

Bitcoin World 02 Apr 2025
This explosive claim has sent ripples through the crypto community, especially concerning the stability of TrueUSD (TUSD) reserves ... TUSD Liquidity Crisis and the $500 Million Question ... Techteryx Issuer of TrueUSD (TUSD) stablecoin.
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