A Dubai court has given Matthew William Brittain until Sept. 7 to explain where money used for legal and advisory bills ultimately came from in a dispute over $456 million connected to TrueUSD reserves. The Sept. 1 order adds a near-term disclosure deadline to proceedings in the Dubai International Financial Centre Courts. Techteryx, the claimant seeking the information, has obtained a proprietary injunction and worldwide freeze against Aria Commodities DMCC covering $456 million transferred from Legacy Trust and First Digital Trust, along with traceable proceeds. Earlier DIFC court reasons for the freeze…

Justin Sun, the founder of Tron and update on the ongoing recovery of $456 million in missing TUSD (TrueUSD)

Cas Piancey and Bennett Tomlin discuss TrueUSD, Huobi, Poloniex and Justin Sun trying to keep his empire solvent.

Cas Piancey and Bennett Tomlin are joined by Jonathan Reiter and Patrick Tan of ChainArgos to discuss Prime Trust, TrueUSD, stablecoins, and offshore finance.

Filings reveal that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves got stuck in First Digital Trust.

Dubai froze $456M linked to TrueUSD reserves in its first global crypto-related order involving financier Matthew Brittain. The post Dubai court freezes $456M tied to Justin Sun’s TrueUSD bailout: CoinDesk appeared first on Crypto Briefing.

Justin Sun says First Digital Trust is insolvent and urges users to secure assets after $456M in TrueUSD reserves were mismanaged. The post Justin Sun urges users to exit First Digital Trust amid insolvency concerns appeared first on Crypto Briefing.

The Securities and Exchange Commission today announced settled charges against TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts involving TrueUSD (TUSD), a purported stablecoin. According to the SEC’s…