FullCrypto
Reading Time: 2 minutesTrueUSD issuer Techteryx has filed a lawsuit in Hong Kong, alleging that $456 million of TUSD’s reserves were misappropriated into illiquid investments The investments were primarily in loans to resource development projects in emerging markets, rendering the funds inaccessible Tron founder Justin Sun provided emergency funding to stabilize TrueUSD and maintain user confidence during the liquidity crisis Techteryx…
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TrueUSD Issuer Alleges $456 Million Misappropriation
Mark Hunter
11:23
Reading Time: 2 minutesTrueUSD issuer Techteryx has filed a lawsuit in Hong Kong, alleging that $456 million of TUSD’s reserves were misappropriated into illiquid investments The investments were primarily in loans to resource development projects in emerging markets, rendering the funds inaccessible Tron founder Justin Sun provided emergency funding to stabilize TrueUSD and maintain user
