Another case, the most successful and largest in terms of amount involved in blockchain rights protection, has emerged! 😆 Rights defender: Techteryx (operator of TUSD) Helper: Sun Ge @justinsuntron Amount in dispute: $456 million. In short: The Dubai Digital Economy Court froze $456 million in escrow funds illegally transferred from Techteryx by FDT, Aria, and others to protect the rights of TUSD holders. These funds were previously advanced and assisted by Aston Sun (official report link: 👉 coindesk.com/policy/2025/11/12...…)). The detailed events are summarized below. 1️⃣ Background: In December 2020, TrueCoin was entrusted with TrueUSD and appointed Hong Kong-based First Digital Trust (FDT) as the custodian of the TUSD fiat reserve assets. 2️⃣ Origin: During 2021-2022, FDT, acting as custodian, transferred funds six times to Aria Commodities DMCC, a trade finance company in Dubai, and its affiliated funds. This alleged misallocation of funds resulted in the funds being unusable for stablecoin redemptions. 3️⃣ Trigger: Techteryx was trapped with $456 million in funds in 2023-2024, accused of being a victim of "massive fraud". 4️⃣ Response: In July 2023, Techteryx took over the operation of TUSD, and Justin Sun provided emergency liquidity support to Techteryx in the form of a loan. 5️⃣ Rights Protection: December 2023 - November 2025. After a long period of rights protection efforts, including multiple lawsuits and press conferences from Hong Kong to Dubai, a phased progress has finally been achieved today. This is the first time the Dubai court has issued a global freezing order. Sun Ge tweeted his gratitude and said, "Justice may be delayed, but it will never be absent." twitter.com/ai_9684xtpa/status...
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