Citing Coinomedia, Tron founder Justin Sun raised concerns about the alleged illegal misuse of TrueUSD (TUSD) reserves during a press briefing in Hong Kong. He claimed the reserves, which should be fully backed by U.S. dollars, may have been exploited for illicit financial activities. Sun also praised the Dubai International Financial Centre (DIFC) Court’s $456 million global asset freeze on Aria Commodities DMCC, calling it a positive step toward greater accountability in the crypto industry. He urged for stricter transparency, frequent audits, and real-time reporting of stablecoin reserves to restore investor trust.
Justin Sun Alleges TUSD Reserves Misused Illegally
CoinomediaShare






Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.