Justin Sun Alleges TUSD Reserves Misused Illegally

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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.

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