TUSD Reserve Fund Misappropriation Triggers Global Asset Freeze by DIFC Court as Justin Sun Advances Recovery Efforts

COINOTAG News reports that Tron founder Justin Sun attended a Hong Kong briefing titled ‘Truth Revealed, Justice Manifested – TUSD Reserve Asset Global Judicial Pursuit Progress’ at The Peninsula Hotel. Sun outlined the alleged illegal misappropriation and embezlement of the TUSD reserve fund, a matter drawing heightened scrutiny from the fintech and blockchain sectors.

Sun credited the DIFC Court and its Digital Economy Court for issuing a fair and decisive ruling, underpinning global efforts to trace and recover missing funds with the aim of full restitution and accountability for wrongdoers.

Judicial documents show the DIFC Courts issued an indefinite global asset freeze order against Aria Commodities DMCC on October 17, covering as much as $456 million. The court highlighted issues including forged authorization, breach of trust, illegal transfer of reserve funds, and cross-border money laundering. All related parties must disclose the fund flows; non-compliance will trigger severe legal consequences.