According to @justinsuntron, he announced in April a rescue plan using personal funds to bail out all public TUSD holders and cover an approximately $500 million liquidity shortfall (source: @justinsuntron). He states the shortfall arose from alleged large-scale fraud and misappropriation by fiduciaries responsible for safeguarding TUSD reserves, naming ARIA group, First Digital Trust, Legacy Trust, Finaport, Truecoin, and individuals Matthew Brittain, Vincent Chok, Alex De Lorraine, and Yai Sukonthabhund (source: @justinsuntron). He says Techteryx has filed lawsuits across jurisdictions, including the Dubai International Financial Centre Courts, alleging roughly $500 million of TUSD reserves were misappropriated through fraud (source: @justinsuntron). He reports the DIFC Courts found there is a serious issue to be tried regarding alleged fraudulent inducement tied to representations that Aria Commodity Finance Fund was a low-risk, insured vehicle (source: @justinsuntron). He alleges funds were diverted to Aria Commodities DMCC and routed through multiple financial centers, then laundered or locked in non-redeemable loans linked to projects such as a UAE bitumen facility, African coal rights, crypto transactions with FTX, and commodity and infrastructure initiatives in the US, Ukraine, and Australia (source: @justinsuntron). For TUSD traders, he emphasizes the rescue plan aims to cover the liquidity gap while Techteryx pursues asset recovery via litigation, key factors to watch for redemption confidence and market liquidity (source: @justinsuntron).

According to @justinsuntron, Techteryx has filed multi-jurisdiction lawsuits alleging misappropriation of nearly $500 million of TUSD reserves by ARIA Group, First Digital Trust (FDT), Legacy Trust, Finaport, and TrueCoin, naming Matthew Brittain, Vincent Chok, Alex De Lorraine, and Yai Sukonthabhund as key individuals (source: @justinsuntron). According to @justinsuntron, on October 17, 2025, DIFC Court Judge Michael Black KC confirmed and issued a worldwide freezing order over approximately $456 million tied to Aria Commodities DMCC, described as the DIFC Court’s first global freezing order, to prevent asset transfers before a final Hong Kong court ruling (source: @justinsuntron). According to @justinsuntron, he launched in April a personal rescue plan to cover about a $500 million liquidity shortfall for public TUSD holders, positioning support for TUSD liquidity while reserve recovery is pursued through litigation (source: @justinsuntron). According to @justinsuntron, the court identified evidence of fiduciary breaches and unauthorized transfers via FDT and Legacy Trust to Aria DMCC, cited risks of asset concealment by Matthew Brittain, highlighted Glass Door Limited’s role in hidden transactions and nearly $14 million in secret rebates, and alleged collusion involving Yai Sukonthabhund and Vincent Chok, including document backdating to mask fund origins from Techteryx (source: @justinsuntron). According to @justinsuntron, these developments directly concern TUSD liquidity, reserve protection, and stablecoin counterparty risk management pending outcomes in Hong Kong and related proceedings (source: @justinsuntron).

According to the source, Justin Sun told a Hong Kong briefing that TUSD reserves were allegedly used illegally, heightening counterparty and depeg risk for TUSD trading pairs across spot and derivatives venues; source: Justin Sun public remarks in Hong Kong on Nov 27, 2025. According to the source, Sun also praised a reported 456 million global asset freeze by the DIFC Courts against Aria Commodities DMCC, indicating potential legal overhang for entities linked to TUSD reserve flows; source: Justin Sun public remarks in Hong Kong on Nov 27, 2025. Traders should monitor TUSD to USD and TUSD to USDT peg stability, exchange order book depth, and funding or borrow utilization for stress signals following these allegations; source: independent trading guidance derived from Sun’s remarks on Nov 27, 2025.