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Justin Sun Bailed Out Techteryx's TUSD as Stablecoin's $456M Reserves Were Stuck in Limbo, Filings Show

Techteryx says it was the victim of what it called "large-scale fraud" rendering TUSD's stablecoin reserves stuck in illiquid investments made without its permissionUpdated Apr 2, 2025, 4:42 p.m. UTCPublished Apr 2, 2025, 2:09 p.m. UTCJustin Sun bailed out Techteryx's TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid, people close to the matter confirmed, and the stablecoin issuer said in Hong Kong court documents.An excerpt of the writ Techteryx fil...

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