[孙宇晨打官司：花4.56亿美元为TUSD纾困，告First Digital Trust的储备金被挪用投资？]
原文：CoinDesk
编译：Weilin，PANews
经知情人士证实，稳定币发行方在香港提交的法院文件显示，在近 5 亿美元储备资金变得不具流动性后，孙宇晨出手救助了 Techteryx 旗下的 TrueUSD 稳定币。
[孙宇晨打官司：花4.56亿美元为TUSD纾困，告First ...

<img src="https://static.fwimg.io/img/feed/55fbbd665f76d9d3ef5d5f9ffa9efa47.jpg" alt="孙宇晨打官司：花4.56亿美元为TUSD纾困，告First Digital Trust的储备金被挪用投资？">原文：<a href="https://www.coindesk.com/markets/2025/04/02/tron-s-justin-sun-bailed-out-tusd-as-stablecoin-s-usd456m-reserves-were-stuck-in-limbo" rel="nofollow">CoinDesk</a>编译：Weilin，PANews经知情人士证实，稳定币发行方在香港提交的法院<a href="https://www.scribd.com/document/845394907/20250328-Writ-of-Summons-629" rel="nofollow">文件</a>显示，在近 5 亿美元储备资金变得不具流动性后，孙宇晨出手救助了 Techteryx 旗下的 TrueUSD 稳定币。<img src="https://static.fwimg.io/img/feed/11c55914072dd7da91afc1eda43527d8.jpg" alt="孙宇晨打官司：花4.56亿美元为TUSD纾困，告First Digital Trust的储备金被挪用投资？">在 2020 年 12 月从 TrueCoin 收购 TrueUSD 之后，Techteryx 任命总部位于香港的受托机构 First Digital Trust（FDT）管理其稳定币储备。根据美国律师事务所 Cahill Gordon &amp; Reindel 准备的文件，FDT 曾被指示将稳定币储备投资于注册于开曼群岛的 Aria 商品金融基金（Aria CFF）。然而，法院文件称，大约 4.56 亿美元却被不当挪用至位于迪拜、未经授权的独立实体 Aria Commodities DMCC。<img src="https://static.fwimg.io/img/feed/6e1c62c21e4b5b6a50fab403c6c15c8e.jpg" alt="孙宇晨打官司：花4.56亿美元为TUSD纾困，告First Digital Trust的储备金被挪用投资？"><img src="https://static.fwimg.io/img/feed/202843a35497d67fde8f48eb7a5f45d2.jpg" alt="孙宇晨打官司：花4.56亿美元为TUSD纾困，告First Digital Trust的储备金被挪用投资？">法院文件显示，Matthew Brittain 通过 Aria Capital Management Ltd 控制 Aria 商品金融基金（Aria CFF），而 Cecilia Brittain 则是位于迪拜、独立运营的实体 Aria Commodities DMCC 的唯一股东。然而，来自 Aria 的 Matthew Brittan 的电子邮件签名使用的是迪拜的地址。法院文件称，Cecilia 是 Matthew 的妻子。根据 Matthew Brittain 在发给 CoinDesk 的一封电子邮件中描述，ARIA DMCC 从事贸易融资、资产开发和大宗商品交易业务，而 ARIA CFF 则为包括 ARIA DMCC 及其他第三方在内的大宗商品交易商提供融资服务。Moore CPA Limited 出具的审计报告显示，截至 2024 年 11 月，FDT 管理着 TrueUSD 储备金中的 5.01 亿美元。香港法院文件还指出，First Digital 首席执行官 Vincent Chok 被指控将约 1,550 万美元的未披露佣金汇入一家名为 “Glass Door” 的实体，并另外从 FDT 向 Aria DMCC 结构性地发放了约 1,500 万美元的未经授权的贸易融资贷款，之后又被追溯性地错误归类为合法的基金投资。原告称这些行为构成欺诈性虚假陈述和资金挪用。“汇往 Aria DMCC 的款项是公然的挪用和洗钱行为。”起诉书中写道，“这些操作是在原告不知情、未经授权和未获批准的情况下进行的。”截至发稿时，这些陈述尚未在法院中接受审理。Aria DMCC 将资金投资于全球各类项目，这些项目被其描述为流动性相对较低的资产，例如制造工厂、采矿业务、海运船只、港口基础设施以及可再生能源项目。法院文件称，Techteryx 在 2022 年年中至 2023 年初期间尝试从 Aria CFF 赎回其投资时，几乎未能收回资金，Aria 相关实体被指控未能按时付款，并未履行赎回请求。随后，Techteryx 于 2023 年 7 月全面接管 TUSD 的运营，终止了 TrueCoin 的参与。作为 2020 年 12 月出售后的过渡期安排，TrueCoin 曾继续负责 TUSD 的日常运营。根据法院文件，孙宇晨在此期间出手，为 TUSD 提供了应急流动性支持，该支持被设定为一笔贷款。法院文件还称，尽管稳定币发行方已无资金可用，Techteryx 团队仍将 4 亿枚 TUSD 隔离处理，以确保散户用户仍能正常赎回，代币持有者不受影响。<h3>First Digital表示其遵循了Techteryx的指示</h3>在回应 CoinDesk 的置评请求时，First Digital 的首席执行官 Chok 断然否认其存在任何不当行为或参与任何欺诈计划。Chok 向 CoinDesk 表示，First Digital Trust 完全作为受托中介行事，严格按照 Techteryx 及其代表提供的指示执行交易。他强调，公司并不负责独立评估或对这些投资决策提供建议。Chok 在发给 CoinDesk 的一封电子邮件中表示：“据我们了解，ARIA 拒绝按照 Techteryx 的要求提前赎回资金的主要障碍之一，是他们对 TrueCoin 与 Techteryx 之间交易的反洗钱（AML）和了解你的客户（KYC）问题感到担忧，特别是关于 Techteryx 最终实益拥有人的真实身份。”他补充说，他认为本案中涉及的任何一方都不认为 Aria 缺乏流动性。“我们尚未有机会为自己进行充分辩护。”Chok 在邮件中还表示，“随着法律和仲裁程序的推进，我们将全力以赴澄清这些问题。”Aria 集团的 Matthew Brittain 对 CoinDesk 表示，他“完全否认 Techteryx 针对 ARIA DMCC 及任何相关实体的指控”，并补充称“在法院程序中提出了许多不实指控”。Brittain表示，Techteryx 对于相关的投资期限承诺完全知情，这些内容已在投资 ARIA CFF 时订户所同意的合同中写明，并在发行说明书中有明确列出。Brittain 还呼应了 Chok 对 Techteryx 实益所有权的担忧，指出《华尔街日报》曾就此话题进行过报道。香港法院传票中将李金梅（原文为Li Jinmei）列为 Techteryx 的最终实益拥有者。Techteryx 的一位发言人确认，该人并非媒体曾提及的前实益拥有者 Jennifer Yiyang，尽管部分媒体报道存在混淆。“该订户尚未解决这些问题，”Brittain 补充道，所指即是关于实益所有权的疑虑。<h3>Prime Trust 崩溃与 SEC 和解使局势雪上加霜</h3>就在此事发生的同时，TUSD 的困境也在持续加剧，表现为一家银行合作伙伴的崩溃以及美国监管机构的审查压力。2023 年年中，位于内华达州、与本案无直接关联的独立加密托管机构 Prime Trust 被州监管机构接管。TrueUSD 曾使用该机构作为法币通道合作方。州监管机构指控 Prime Trust 不当动用了客户资金以满足提现请求，引发了外界对其财务稳定性的严重担忧。内华达州的法院文件显示，Prime Trust 拖欠约 8,500 万美元的法币义务，而当时可用资金仅约为 300 万美元。这并不是该稳定币发行方所面临的最后一个难题。2024 年 9 月，TrueCoin 和 TrustToken（在 Techteryx 接手前为该稳定币的所有方）与美国证券交易委员会（SEC）达成和解，原因是他们被指控虚假宣传 TrueUSD 为“完全由美元支持”，但实际上却秘密将储备资金投资于高风险的海外基金。尽管未承认有任何不当行为，也未披露与 Aria 相关公司的海外投资详情，TrueCoin 和 TrustToken 同意支付总额略高于 50 万美元的民事罚金并返还非法所得，以了结其涉嫌欺诈和非法证券发行的指控。Aria 的 Brittain 则表示，从一开始将稳定币储备资金投资于 Aria 就并不是一个合适的决定。他在一封电子邮件中写道：“ARIA CFF 从未将其投资策略宣传为高度流动性，或适合用于稳定币的储备金。”相关阅读：<a href="https://www.panewslab.com/zh/articledetails/qrliiwha.html" rel="nofollow">《前TUSD运营商遭SEC指控细节：孙宇晨团队持仓占比超八成，99%储备投资于离岸基金》</a><a href="https://www.panewslab.com/zh/author/N7042814.html" rel="nofollow"><picture><source></source></picture></a>

孙宇晨打官司：花4.56亿美元为TUSD纾困，告First Digital Trust的储备金被挪用投资？

<Justin Sun Lawsuit: Spending $456 Million to Rescue TUSD, Suing First Digital Trust for Misusing Reserve Funds?>

According to sources confirmed, court documents filed in Hong Kong by the stablecoin issuer show that Justin Sun stepped in to rescue TrueUSD stablecoin under Techteryx after nearly $500 million in reserve funds became illiquid.

<img src="https://static.fwimg.io/img/feed/55fbbd665f76d9d3ef5d5f9ffa9efa47.jpg" alt="Justin Sun Sues: Spending $456 Million to Bail Out TUSD, Suing First Digital Trust for Misusing Reserves?">Original: <a href="https://www.coindesk.com/markets/2025/04/02/tron-s-justin-sun-bailed-out-tusd-as-stablecoin-s-usd456m-reserves-were-stuck-in-limbo" rel="nofollow">CoinDesk</a>Translated by: Weilin, PANewsConfirmed by informed sources, court documents submitted in Hong Kong show that Justin Sun came to the rescue of TrueUSD, a stablecoin under Techteryx, after nearly $500 million in reserve funds became illiquid.<img src="https://static.fwimg.io/img/feed/11c55914072dd7da91afc1eda43527d8.jpg" alt="Justin Sun Sues: Spending $456 Million to Bail Out TUSD, Suing First Digital Trust for Misusing Reserves?">After acquiring TrueUSD from TrueCoin in December 2020, Techteryx appointed Hong Kong-based trustee First Digital Trust (FDT) to manage its stablecoin reserves.According to documents prepared by the US law firm Cahill Gordon & Reindel, FDT was instructed to invest stablecoin reserves in the Cayman Islands-registered Aria Commodity Finance Fund (Aria CFF). However, court documents claim that approximately $456 million was improperly diverted to an unauthorized independent entity, Aria Commodities DMCC, located in Dubai.<img src="https://static.fwimg.io/img/feed/6e1c62c21e4b5b6a50fab403c6c15c8e.jpg" alt="Justin Sun Sues: Spending $456 Million to Bail Out TUSD, Suing First Digital Trust for Misusing Reserves?"><img src="https://static.fwimg.io/img/feed/202843a35497d67fde8f48eb7a5f45d2.jpg" alt="Justin Sun Sues: Spending $456 Million to Bail Out TUSD, Suing First Digital Trust for Misusing Reserves?">

[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]Related Reading: <a href="https://www.panewslab.com/zh/articledetails/qrliiwha.html" rel="nofollow">Details of SEC Charges Against Former TUSD Operator: Justin Sun's Team Holds Over 80% Stake, 99% of Reserves Invested in Offshore Funds</a><a href="https://www.panewslab.com/zh/author/N7042814.html" rel="nofollow"><picture><source></source></picture></a>

Justin Sun files a lawsuit: Spending $456 million to bail out TUSD and suing First Digital Trust for misappropriation of reserve funds for investment?

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Original text from Prince
Compiled by Odaily Odaily Golem (@web 3_golem)
The failure of fixed-rate lending in the crypto space is not simply because DeFi users reject it. Another reason for its failure is that DeFi protocols designed their credit products using money market assumptions and then deployed them into a liquidity-driven ecosystem; the mismatch between user assumptions and actual capital behavior keeps fixed-rate lending a niche market.
Fixed-rate products are unpopular in the crypto space. Currently, almost all mainstream lending...

Why do DeFi users reject fixed interest rates?

Currently, looking at the daily chart of US stocks, two key signals are needed for confirmation that the market is turning bearish:

- Break below key support: The three major indices must break below the red line.

- Structural reversal: Lower Highs and Lower Lows must appear in the trend.

Currently, the overall trend is still upward, but since no higher highs have been reached, it has essentially been in a consolidation phase since October 30th.

According to Market Pulse data, the index is currently at 50...