The post Dubai Court Freezes $456M Linked to Justin Sun’s Crypto Aid appeared on BitcoinEthereumNews.com.

Key Highlights A Dubai court has frozen $456 million in assets linked to the Aria group after the funds, which were part of the reserves for the TrueUSD (TUSD) stablecoin Crypto entrepreneur Justin Sun provided an emergency bailout to prevent TUSD from collapsing and losing its value peg to USD The ruling shows major concerns over the management and safety of stablecoin reserves On November 12, Dubai’s Digital Economy Court released the order to freeze a $456 million fund linked to Justin Sun, sparking another controversy in the cryptocurrency community.  According to the court document, this staggering amount of funds is linked to a rescue effort for the TrueUSD stablecoin led by crypto entrepreneur Justin Sun, who is also the founder of Tron Blockchain.  What is a Story? The ruling came from Dubai’s Digital Economy Court. This legal action is likely to safeguard funds after allegations that the stablecoin issuer, Techteryx, had its money misused. TrueUSD, commonly known as TUSD, is a stablecoin, a cryptocurrency pegged to the U.S. dollar in a 1:1 ratio. This stability is supposed to be guaranteed by holding an equivalent amount of real USD in secure reserves.  Techteryx became the primary company in charge of TrueUSD in 2023 after previous operators encountered difficulties.  However, court documents reveal that serious issues began years earlier. Between 2020 and 2022, Techteryx allocated $456 million from the TUSD reserves into an investment known as the Aria Commodity Finance Fund.  “Between May 2021 and March 2022, FDT is said to have invested USD 468 million of the Reserves in Aria Fund in instruments called “Class C USD 3 YR 6% Coupon”. Of those sums $456 million was in fact directly remitted to Aria DMCC,” stated in a Dubai court document. The situation took an ugly turn after the money was…

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Filed under: News - @ November 12, 2025 10:26 pm