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TUSD issuance party's rights protection achieves significant judicial progress, Sun Yuchen: Thank you to the Dubai Digital Economy Court's ruling.
According to Mars Finance, on November 13, TRON founder Justin Sun responded to the ruling of the Dubai Digital Economy Court on the X platform, expressing gratitude for the court's issuance of a freeze order to protect TUSD holder rights for the first time globally. He wrote in a tweet: “Justice may be delayed, but it will never be absent.”
The freezing order involves $456 million in funds related to Sun Yuchen's rescue of the TrueUSD issuer Techteryx. The Dubai Digital Economy Court pointed out in its ruling that there are “serious issues that need to be examined” with respect to Techteryx, and ruled that the funds in question should be held in trust to prevent improper transfer or concealment of assets. The funds in question have previously sparked controversy due to a shortfall in TrueUSD reserves, involving Dubai trade finance company Aria Commodities DMCC.
The incident can be traced back to the period between 2021 and 2022, when part of TrueUSD's reserve funds flowed into Aria Company through the account managed by the Hong Kong trustee First Digital Trust (FDT). Techteryx alleged that these transfers violated custodial terms, turning the original cash reserves into long-term loans and private transactions. Sun Yuchen held a press conference in Hong Kong in April 2025, accusing financial institutions including First Digital Trust Limited (FDT), Legacy Trust Company Limited(Legacy Trust), and a private company in Dubai of illegally diverting TUSD 456 million in fiat reserves.