{"id":451490,"date":"2025-11-13T09:43:42","date_gmt":"2025-11-13T09:43:42","guid":{"rendered":"https:\/\/cryptonews.com\/?post_type=web-story&#038;p=451490\/"},"modified":"2025-11-13T09:43:44","modified_gmt":"2025-11-13T09:43:44","slug":"dubai-court-freezes-456m-in-trueusd-fraud-case-linked-to-justin-suns-techteryx-bailout","status":"publish","type":"web-story","link":"https:\/\/cryptonews.com\/web-stories\/dubai-court-freezes-456m-in-trueusd-fraud-case-linked-to-justin-suns-techteryx-bailout\/","title":{"rendered":"Dubai Court Freezes $456M in TrueUSD Fraud Case Linked to Justin Sun\u2019s Techteryx Bailout"},"content":{"rendered":"<p><\/p><meta charset=\"utf-8\"><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link 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poster-portrait-src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094338\/cropped-1763016110-image-1763016093036_optimized-1.jpg\"><amp-story-page id=\"74a04d27-0062-436d-899b-a2ece454eadb\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7c2604ec-cd26-4d4d-b589-5cbb5991c45b\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div 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style=\"font-weight: 700;color: #fff\">Dubai Court Freezes $456M in TrueUSD Fraud Case Linked to Justin Sun&rsquo;s Techteryx Bailout<\/span><br>\n<span style=\"color: #fff\"><br>\n<\/span><\/span><\/h2>\n<p><span class=\"replacer\"><\/span><\/p><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0.24272%;top:75.88997%;width:100%;height:66.66667%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1964efe2-641e-45f2-b62b-2a1677cc1a51\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png\" alt=\"1728037297-rec-element-big\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png 849w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-768x768.png 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-450x450.png 450w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-300x300.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-150x150.png 150w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-64x64.png 64w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:37.86408%;top:59.70874%;width:24.27184%;height:16.18123%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-34516255-2a59-4dd8-8cd0-183c3a0c9293\">\n<div style=\"position:absolute;width:100.00002%;height:100%;left:-0.00001%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png\" alt=\"1728037297-rec-element-big\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png 849w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-768x768.png 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-450x450.png 450w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-300x300.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-150x150.png 150w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-64x64.png 64w\" sizes=\"(min-width: 1024px) 11vh, 24vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:42.23301%;top:6.14887%;width:15.53398%;height:10.35599%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a31640c2-e606-4d22-b250-2f54aa54d3af\">\n<div style=\"position:absolute;width:100.00003%;height:100%;left:-0.00002%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04103040\/1728037840-logo-mono.png\" alt=\"1728037840-logo-mono\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04103040\/1728037840-logo-mono.png 80w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04103040\/1728037840-logo-mono-64x64.png 64w\" sizes=\"(min-width: 1024px) 7vh, 16vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"139c83f4-6224-477e-8cb1-7016ce658e34\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-81edf610-5b94-4cc7-8dfe-eef9c41cd6cb\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:61.65049%;width:33.25243%;height:47.57282%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-bcf50448-b90d-4e16-8a6f-957b1ae3bc92\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:48.86731%;width:79.36893%;height:22.00647%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6116207951070336% 0.6116207951070336% 0.6116207951070336% 0.6116207951070336% \/ 1.4705882352941175% 1.4705882352941175% 1.4705882352941175% 1.4705882352941175%\" id=\"el-ed533186-68b2-4292-81a0-86f9e51ecd31\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.42079510703363954% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span>A judge at the Dubai International Financial Centre (DIFC) has imposed a worldwide freeze on $456 million in assets tied to the alleged misappropriation of TrueUSD (TUSD) stablecoin reserves, a case linked to Tron founder Justin Sun&rsquo;s earlier bailout of the token.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:72.81553%;width:79.36893%;height:12.78317%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6116207951070336% 0.6116207951070336% 0.6116207951070336% 0.6116207951070336% \/ 2.5316455696202533% 2.5316455696202533% 2.5316455696202533% 2.5316455696202533%\" id=\"el-c85ae085-1bc8-4d43-ad0c-c81fc6265084\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.42079510703363954% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span>&ndash; The injunction targets Dubai-based Aria Commodities DMCC, which allegedly received the funds instead of the designated reserve account.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:39.23948%;width:100.72816%;height:7.60518%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f5974d6f-3e24-4d96-b274-c7a61ee1d8da\">\n<div style=\"position:absolute;width:100%;height:103.87983%;left:0%;top:-1.93991%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085639\/1718182599-bg-2.png\" alt=\"bg-header\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085639\/1718182599-bg-2.png 680w\" sizes=\"(min-width: 1024px) 45vh, 101vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:89.32039%;top:39.15858%;width:10.92233%;height:7.28155%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-20db4d35-987a-4525-a607-8e4735fc6a12\">\n<div style=\"position:absolute;width:100%;height:100.00005%;left:0%;top:-0.00002%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085921\/1718182761-arrow-blue.png\" alt=\"blue arrow\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085921\/1718182761-arrow-blue.png 120w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085921\/1718182761-arrow-blue-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085921\/1718182761-arrow-blue-64x64.png 64w\" sizes=\"(min-width: 1024px) 5vh, 11vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-4.85437%;top:-13.1068%;width:129.36893%;height:52.26537%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e7d5b89a-4d74-4e5a-82c9-bcb79c1c1bf4\">\n<div style=\"position:absolute;width:108.05416%;height:100%;left:-4.02708%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094312\/1763016110-image-1763016093036_optimized-1.jpg\" alt=\"1763016110-image-1763016093036_optimized\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094312\/1763016110-image-1763016093036_optimized-1.jpg 1200w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094312\/1763016110-image-1763016093036_optimized-1-1024x574.jpg 1024w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094312\/1763016110-image-1763016093036_optimized-1-768x431.jpg 768w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094312\/1763016110-image-1763016093036_optimized-1-450x252.jpg 450w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094312\/1763016110-image-1763016093036_optimized-1-300x168.jpg 300w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13094312\/1763016110-image-1763016093036_optimized-1-150x84.jpg 150w\" sizes=\"(min-width: 1024px) 58vh, 129vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13064151\/1763016110-image-1763016093036_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/dubai-court-imposes-worldwide-asset-freeze-in-456m-trueusd-reserve-misappropriation-case\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><amp-story-page id=\"33784885-0354-4415-853b-2da5121c2cee\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5b2312be-42b5-4128-82c8-d1b0ea247732\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:65.69579%;width:82.52427%;height:18.93204%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 1.7094017094017095% 1.7094017094017095% 1.7094017094017095% 1.7094017094017095%\" id=\"el-dc9ce8c0-4d36-44fb-b6f8-c9a16f808092\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.4047058823529416% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #737373\">The decision follows a long-running dispute between Techteryx Ltd, the operator of the TrueUSD stablecoin, and several financial institutions, including Aria Commodities DMCC, Mashreq Bank PSC, Emirates NBD Bank PJSC, and Abu Dhabi Islamic Bank PJSC.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:38.34951%;width:82.52427%;height:25.24272%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 1.282051282051282% 1.282051282051282% 1.282051282051282% 1.282051282051282%\" id=\"el-776c3b09-703a-483d-af86-11f101bb2b2f\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.4047058823529416% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #737373\">&ldquo;I direct that the following injunctions shall remain continued until further order of the Court: a worldwide freezing injunction, prohibiting the First Defendant [Aria DMCC] from removing from Dubai any of its assets which are in Dubai up to the value of USD 456,000,000,&rdquo; Justice Black declared in the ruling.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:20.38835%;width:82.52427%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%\" id=\"el-03b858ed-cc64-4f39-a3a7-6ab42342121f\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.6070588235294123% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Dubai Judge Extends Global Freeze on $456M Linked to TrueUSD Case<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:9.70874%;top:2.589%;width:9.70874%;height:6.47249%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-02c3b31a-6f59-4253-8dd0-629fa39bfd7f\">\n<div style=\"position:absolute;width:100%;height:100.00005%;left:0%;top:-0.00003%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short.png\" alt=\"logo-short-color\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short.png 120w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short-64x64.png 64w\" sizes=\"(min-width: 1024px) 4vh, 10vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:90.12945%;width:77.6699%;height:19.57929%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-de5709d2-cda4-4032-b425-2b96f38769b2\">\n<div style=\"position:absolute;width:100%;height:118.79148%;left:0%;top:-9.39574%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105121\/1718189481-bottom-graph.png\" alt=\"big-ribbon-bottom\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105121\/1718189481-bottom-graph.png 610w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105121\/1718189481-bottom-graph-300x135.png 300w\" sizes=\"(min-width: 1024px) 35vh, 78vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:19.90291%;top:-9.70874%;width:80.09709%;height:23.6246%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c27e9e1c-cf99-488f-a79a-b414fb3fc1f0\">\n<div style=\"position:absolute;width:100%;height:121.60909%;left:0%;top:-10.80454%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph.png\" alt=\"big ribbon top\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph.png 710w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph-300x161.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph-150x81.png 150w\" sizes=\"(min-width: 1024px) 36vh, 80vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13064151\/1763016110-image-1763016093036_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/dubai-court-imposes-worldwide-asset-freeze-in-456m-trueusd-reserve-misappropriation-case\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><amp-story-page id=\"931e2f5b-ef88-40e2-9cd2-93133696cb55\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9b01dd2c-fb2c-4d99-b37c-7b7231f69d74\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.98058%;top:51.13269%;width:82.52427%;height:31.22977%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 1.0362694300518136% 1.0362694300518136% 1.0362694300518136% 1.0362694300518136%\" id=\"el-dfa40337-5855-4966-b981-9a1bf3e54f42\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.4047058823529416% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #737373\">The diverted funds gave rise to claims of breach of trust and knowing receipt, prompting the proprietary injunction and the subsequent global asset freeze.<\/span><\/span><\/p>\n<p><span style=\"color: #737373\">Justin Sun, listed in the filings as an ultimate beneficial owner of Techteryx, previously announced a full bailout of all public TUSD holders, covering the $456 million shortfall allegedly caused by the diversion.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:24.43366%;width:82.52427%;height:25.24272%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 1.282051282051282% 1.282051282051282% 1.282051282051282% 1.282051282051282%\" id=\"el-d6ff72dd-26d6-4ca5-96c4-82cca53b36e5\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.4047058823529416% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #737373\">Counsel for Techteryx, Al Tamimi &amp; Co, stated that the reserves were originally custodied in Hong Kong, and between May 2021 and March 2022, around $468 million was said to have been invested in the Aria Commodity Finance Fund, though nearly $456 million was transferred directly to Aria Commodities DMCC.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:9.70874%;top:90.93851%;width:9.70874%;height:6.47249%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0dd62354-0120-49ac-9d64-c0150dcec7bf\">\n<div style=\"position:absolute;width:100%;height:100.00005%;left:0%;top:-0.00003%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short.png\" alt=\"logo-short-color\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short.png 120w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short-64x64.png 64w\" sizes=\"(min-width: 1024px) 4vh, 10vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:-33.98058%;width:100%;height:52.26537%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1c4d34bb-e2ea-458f-acaf-7853ac336c20\">\n<div style=\"position:absolute;width:117.59708%;height:100%;left:-8.79854%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12110454\/1718190294-wall-of-rectangles.png\" alt=\"wall of rectagles\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12110454\/1718190294-wall-of-rectangles.png 840w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12110454\/1718190294-wall-of-rectangles-768x512.png 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12110454\/1718190294-wall-of-rectangles-300x200.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12110454\/1718190294-wall-of-rectangles-150x100.png 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13064151\/1763016110-image-1763016093036_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/dubai-court-imposes-worldwide-asset-freeze-in-456m-trueusd-reserve-misappropriation-case\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><amp-story-page id=\"b7549e94-f4ed-46a5-a1f3-47ae5b47586b\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f92ad627-37f4-4040-924d-08b7d2908ac6\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:50.32362%;width:82.52427%;height:31.22977%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 1.0362694300518136% 1.0362694300518136% 1.0362694300518136% 1.0362694300518136%\" id=\"el-529676ba-aaa4-4acd-a502-b58ee01e2e83\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.4047058823529416% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: rgba(255,255,255,0.54)\">&ldquo;This serves as a strong notice to all persons knowingly involved in global scam operations of ARIA. You can run but you cannot hide; we will come after you wherever you are,&rdquo; Sun wrote.<\/span><\/span><\/p>\n<p><span style=\"color: rgba(255,255,255,0.54)\">The DIFC Court&rsquo;s injunctions will remain in effect until further orders are issued, as Techteryx pursues the restitution of the missing TUSD reserves.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:37.54045%;width:82.52427%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 3.3333333333333335% 3.3333333333333335% 3.3333333333333335% 3.3333333333333335%\" id=\"el-a04f59c1-9049-48d2-9f2f-d9c9a68aeceb\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.4047058823529416% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: rgba(255,255,255,0.54)\">In a post on X, Sun praised the DIFC Court&rsquo;s decision, noting that Techteryx continues to track and recover the missing funds.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:18.28479%;width:82.52427%;height:14.40129%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 2.247191011235955% 2.247191011235955% 2.247191011235955% 2.247191011235955%\" id=\"el-e14cebc8-1d9c-4ee3-90d5-dd9597ab8014\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.6070588235294123% 0;font-family:&quot;Noto Sans&quot;,sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700;color: #fff\">Justin Sun Vows Global Pursuit of $456M in Missing TrueUSD Funds<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:101.94175%;width:101.94175%;height:2.589%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-84e71e2c-ed08-48ec-8512-d06518b9e494\">\n<div style=\"position:absolute;width:100%;height:124.99985%;left:0%;top:-12.49992%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12103551\/1718188550-recs-small.png\" alt=\"rec-line-small\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12103551\/1718188550-recs-small.png 840w\" sizes=\"(min-width: 1024px) 46vh, 102vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-0.97087%;top:0;width:101.94175%;height:2.589%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0168b6c9-c208-443d-83b9-f388dd30528a\">\n<div style=\"position:absolute;width:100%;height:124.99985%;left:0%;top:-12.49992%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12103551\/1718188550-recs-small.png\" alt=\"rec-line-small\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12103551\/1718188550-recs-small.png 840w\" sizes=\"(min-width: 1024px) 46vh, 102vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/11\/13064151\/1763016110-image-1763016093036_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/dubai-court-imposes-worldwide-asset-freeze-in-456m-trueusd-reserve-misappropriation-case\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body>","protected":false},"excerpt":{"rendered":"<p>Tron founder Justin Sun previously covered the $456 million shortfall to protect TUSD holders.<\/p>\n","protected":false},"author":422,"featured_media":451507,"template":"","meta":{"_acf_changed":false,"web_stories_publisher_logo":138953,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-451490","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dubai Court Freezes $456M in TrueUSD Fraud Case Linked to Justin Sun\u2019s Techteryx Bailout - Cryptonews<\/title>\n<meta name=\"description\" content=\"Tron founder Justin Sun previously covered the $456 million shortfall to protect TUSD holders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/web-stories\/dubai-court-freezes-456m-in-trueusd-fraud-case-linked-to-justin-suns-techteryx-bailout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Court Freezes $456M in TrueUSD Fraud Case Linked to Justin Sun\u2019s Techteryx Bailout - Cryptonews\" \/>\n<meta property=\"og:description\" content=\"Tron founder Justin Sun previously covered the $456 million shortfall to protect TUSD holders.\" \/>\n<meta property=\"og:url\" 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style=\"color: #737373\">The diverted funds gave rise to claims of breach of trust and knowing receipt, prompting the proprietary injunction and the subsequent global asset freeze.<\/span>\n\n<span style=\"color: #737373\">Justin Sun, listed in the filings as an ultimate beneficial owner of Techteryx, previously announced a full bailout of all public TUSD holders, covering the $456 million shortfall allegedly caused by the diversion.<\/span>","x":37,"y":316,"width":340,"borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"height":193,"id":"dfa40337-5855-4966-b981-9a1bf3e54f42","marginOffset":-2.580000000000002,"groupId":"bfd35ba1-5e0b-45e5-ab6e-9492b52dc7aa","type":"text"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"backgroundTextMode":"NONE","font":{"family":"Noto 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1","isLocked":false,"isCollapsed":false}},"image":{"id":225867,"height":1200,"width":800,"url":"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12152838\/web-stories-page-template-225866.jpg","needsProxy":false,"isExternal":false}},{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"id":"f92ad627-37f4-4040-924d-08b7d2908ac6","type":"shape"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"backgroundTextMode":"NONE","font":{"family":"Noto Sans"},"fontSize":16,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.19,"textAlign":"left","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"content":"<span style=\"color: rgba(255,255,255,0.54)\">\u201cThis serves as a strong notice to all persons knowingly involved in global scam operations of ARIA. You can run but you cannot hide; we will come after you wherever you are,\u201d Sun wrote.<\/span>\n\n<span style=\"color: rgba(255,255,255,0.54)\">The DIFC Court\u2019s injunctions will remain in effect until further orders are issued, as Techteryx pursues the restitution of the missing TUSD reserves.<\/span>","x":36,"y":311,"width":340,"borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"height":193,"id":"529676ba-aaa4-4acd-a502-b58ee01e2e83","marginOffset":-4.300000000000004,"groupId":"bfd35ba1-5e0b-45e5-ab6e-9492b52dc7aa","type":"text"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"backgroundTextMode":"NONE","font":{"family":"Noto Sans"},"fontSize":16,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.19,"textAlign":"left","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"content":"<span style=\"color: rgba(255,255,255,0.54)\">In a post on X, Sun praised the DIFC Court\u2019s decision, noting that Techteryx continues to track and recover the missing funds.<\/span>","x":36,"y":232,"width":340,"borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"height":60,"id":"a04f59c1-9049-48d2-9f2f-d9c9a68aeceb","marginOffset":-3.7840000000000025,"groupId":"bfd35ba1-5e0b-45e5-ab6e-9492b52dc7aa","type":"text"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"backgroundTextMode":"NONE","font":{"family":"Noto Sans"},"fontSize":24,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.19,"textAlign":"left","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"content":"<span style=\"font-weight: 700; color: #fff\">Justin Sun Vows Global Pursuit of $456M in Missing TrueUSD 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