Justin Sun Alleges ‘Global Scam Group’ Behind Missing TUSD Reserves

ccn.comPubblicato 2025-11-28Pubblicato ultima volta 2025-11-28

Key Takeaways

TUSD issuer Techteryx is involved in a legal dispute over the stablecoin’s reserves.
Techteryx has accused First Digital and other firms of misappropriating TUSD reserves.
Justin Sun, who has ties to Techteryx, has described a “global scam network” behind the dispute.

Tron founder Justin Sun has spoken out regarding a legal dispute over $500 million of stablecoin reserves.

Speaking on Thursday, Sun accused a “global scam group” consisting of Aria, First Digital Trust, Lexi Trust, and Finacorp, of misappropriating TrueUSD (TUSD) reserves.

Our Top Crypto Sports Betting Partners:

Stake

promotions

10% Rakeback — Lifetime duration

Coins

Claim Offer

Cloudbet

promotions

Get up to 2500 USDT + 200 FS / Up to 30% Rakeback - All Cash, No Rollover

Coins

Claim Offer

Thrill

promotions

Get up to 70% Rakeback + 10% Cashback

Coins

Claim Offer

TUSD’s Cursed Reserves

TUSD’s troubles started in 2023, when the stablecoin’s original reserve custodian, Prime Trust, collapsed, exposing accounting inconsistencies.

Reserve assets were then transferred to First Digital Trust, but by early 2025, TUSD issuer Techteryx was embroiled in a legal dispute with its new custodian.

In April, reports that Techteryx was unable to access assets First Digital had transferred to a Dubai-based fund associated with Aria threatened to undermine confidence in TUSD.

Earlier this year, wallets linked to Sun began buying millions of dollars’ worth of TUSD, propelling the stablecoin up as the legal dispute between Techteryx and First Digital escalated.

Although Techteryx’s exact ownership structure is opaque, many consider Sun to be its beneficial owner.

Aria and First Digital Accused of Fraud

At a press conference on Thursday, Sun confirmed that he injected “nearly $500 million” to keep TUSD from depegging.

Describing the legal dispute, Sun accused Aria and First Digital of fraud.

In his account, he said that First Digital, Aria, and other parties to the arrangement misled the TUSD issuer and channeled reserve funds into risky investments rather than low-risk, liquid assets.

As Techteryx pushes to reclaim control of the contested reserves, in September, a Dubai court issued an injunction freezing $456 million of assets held by Aria Commodities.

Visit Our Stablecoin Partners

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

Letture associate

Sam Bankman-Fried Wants A New Token To Repay FTX Victims, But Could It Happen?

Sam Bankman-Fried (SBF) is reportedly expressing a personal hope for a new token project to repay FTX victims. However, this claim is heavily caveated by his legal reality. A US appeals court recently upheld his 25-year prison sentence, creating significant barriers to him launching any such project. The article frames these comments as subjective and not an active, credible plan. While the idea attracts attention due to FTX's massive collapse and the broader question of using tokens for restitution, the story emphasizes the legal and practical hurdles. The core narrative is the tension between SBF's reported personal aspiration and the established legal proceedings governing victim repayment.

bitcoinist2 h fa

Sam Bankman-Fried Wants A New Token To Repay FTX Victims, But Could It Happen?

bitcoinist2 h fa

BlackRock Launches Covered-Call Bitcoin ETF Under BITA Ticker

BlackRock has launched the iShares Bitcoin Premium Income ETF (ticker: BITA), a new bitcoin product that generates income using a covered-call options strategy linked to its iShares Bitcoin Trust (IBIT). Unlike a plain spot bitcoin ETF, BITA aims to provide monthly income by selling call options, offering investors a yield-focused alternative to direct bitcoin holdings or DeFi protocols. This strategy involves a trade-off: it can perform well in sideways markets by collecting premiums but may underperform pure spot bitcoin during strong rallies. The launch signals the evolution of the bitcoin ETF market beyond simple access products toward sophisticated strategies like income generation and hedging. BITA is targeted at investors and advisors who believe in bitcoin's long-term thesis but seek a smoother, income-oriented product within a traditional brokerage account. It is not a replacement for spot bitcoin exposure but rather a different tool that packages bitcoin's volatility into a strategy familiar to traditional markets. Understanding this trade-off is crucial for evaluating its performance, especially during major bitcoin price increases.

bitcoinist4 h fa

BlackRock Launches Covered-Call Bitcoin ETF Under BITA Ticker

bitcoinist4 h fa

David Schwartz Backs XRP Ledger 3.2.0 Upgrade With Major XRPL Hub Move

David Schwartz, co-creator of XRP Ledger and Ripple's CTO, has moved a major XRPL hub to version 3.2.0, a transition completed in under ten minutes. This upgrade follows the ledger's core software being renamed "xrpld" to distinguish it from Ripple. Key improvements include up to 40% better memory optimization and the fixCleanup3_2_0 amendment, enhancing security for features like vaults and decentralized exchanges. The update also introduces new tools for developers and invariant checks for ledger integrity. Concurrently, network governance updates include changes to the Unique Node List. The move underscores the commitment to maintaining the latest software across the XRPL ecosystem.

TheNewsCrypto5 h fa

David Schwartz Backs XRP Ledger 3.2.0 Upgrade With Major XRPL Hub Move

TheNewsCrypto5 h fa

Why Is the World Nervous About Japan Raising Interest Rates?

In June 2026, the Bank of Japan raised its policy rate to 1%, marking its first hike to this level since 1995. While this rate remains low compared to global peers like the US and Europe, the move signals a profound shift for a nation that has been a global source of ultra-cheap funding for decades. Japan's long-standing near-zero or negative interest rates had facilitated massive "yen carry trades," where international investors borrowed low-cost yen to invest in higher-yielding assets worldwide, such as US tech stocks and emerging market bonds. This made Japan a critical, often overlooked, source of global liquidity. Japan's ultra-loose policy stemmed from structural challenges post-1990s asset bubble: aging demographics, chronic low inflation/deflation, and high public debt. Recent shifts, including sustained wage growth (exceeding 5% in recent years) and inflation consistently above the 2% target, have created a "wage-price spiral" possibility, prompting the policy normalization. The global market's concern lies not in the absolute rate but in the potential unwinding of the yen carry trade. As Japanese borrowing costs rise, the economics of these leveraged global investments change, potentially triggering deleveraging and capital outflows from risk assets. Market anxiety focuses on the end of a thirty-year consensus that Japan would perpetually provide cheap funding. Ultimately, the global impact will depend on the interplay with US monetary policy. While Japan is tightening, the significant interest rate differential with the US remains. The key future dynamic is whether simultaneous Japanese hikes and eventual US rate cuts will narrow this gap, forcing a major recalibration of global capital flows and asset pricing built on an era of abundant, cheap yen liquidity.

marsbit6 h fa

Why Is the World Nervous About Japan Raising Interest Rates?

marsbit6 h fa

Congress Advances CBDC Ban Until 2030 Through Major Housing Reform Bill

Congress has passed the 21st Century Road to Housing Act, a bipartisan bill primarily focused on housing reform to improve affordability and supply. Included within it is a significant provision that bans the Federal Reserve from issuing a central bank digital currency (CBDC) or "digital dollar" before December 31, 2030. The measure defines a CBDC as a dollar-denominated digital asset, a direct liability of the Fed, accessible to all Americans. Proponents argue the ban allows more time to study a digital dollar's impacts and addresses concerns about privacy, financial surveillance, and government overreach in digital payments. The provision specifically targets a retail CBDC but does not restrict permissionless blockchain networks. This crypto-related language, embedded in broader housing legislation, has drawn considerable attention for its potential to shape the future of digital assets and payments in the U.S. The bill's final passage will determine if the ban takes effect for the next decade.

TheNewsCrypto7 h fa

Congress Advances CBDC Ban Until 2030 Through Major Housing Reform Bill

TheNewsCrypto7 h fa

Trading

Spot

Futures

Articoli Popolari

Come comprare SUN

Benvenuto in HTX.com! Abbiamo reso l'acquisto di SUN (SUN) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente SUNSUN.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva SUN (SUN)Dopo aver acquistato SUN (SUN), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia SUN (SUN)Scambia facilmente SUN (SUN) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

865 Totale visualizzazioniPubblicato il 2024.12.12Aggiornato il 2025.03.21

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di SUN SUN sono presentate come di seguito.