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Dubai Digital Economy Court Freezes $456M in TrueUSD Reserve Dispute

Dubai's Digital Economy Court issued a freezing order covering $456 million in funds related to TRON founder Justin Sun's rescue of TrueUSD issuer Techteryx, Sun said in a Nov. 13 statement. The court cited "serious issues to be tried" and ruled the funds should be held in trust to prevent improper transfer or concealment. The dispute centers on TrueUSD reserve shortfalls allegedly involving Dubai-based Aria Commodities DMCC, with Techteryx claiming reserve funds managed through Hong Kong trustee First Digital Trust between 2021 and 2022 were converted from cash into long-term loans and private transactions in violation of custody terms. Sun accused First Digital Trust Limited, Legacy Trust Company Limited, and a Dubai private firm of misappropriating the $456 million in fiat reserves during an April 2025 Hong Kong press conference.
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