As reported by Blockbeats, on November 27, Justin Sun, founder of TRON, attended a media briefing in Hong Kong regarding the global legal pursuit of TUSD reserve assets. He disclosed key facts and interim results concerning the illegal embezzlement and misappropriation of TUSD reserves, drawing significant attention from the fintech and blockchain industry. Justin Sun expressed gratitude to the Dubai International Financial Centre Court (DIFC Court) and its Digital Economy Court for their fair and decisive ruling. He stated that efforts are ongoing to trace the missing funds globally, with the goal of full recovery and the return of the reserve assets from any wrongdoers. According to the latest judicial documents, the DIFC Courts issued an indefinite global asset freeze order against Aria Commodities DMCC on October 17, involving up to $456 million. The court noted that the case involves 'material issues requiring trial,' including forged authorization, breach of fiduciary duty, illegal transfer of reserves, and cross-border money laundering. All relevant individuals and entities are required to fully disclose the fund flows, or face severe legal consequences.
TUSD Reserve Assets Legal Action Update Held in Hong Kong, Justin Sun Comments on Global Recovery Efforts
KuCoinFlashShare
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.