The Dubai International Financial Centre Court (DIFC Court) has issued a freezing order on $456 million in TrueUSD (TUSD) reserves allegedly misappropriated by Aria, First Digital Trust, and their associates. This legal action aims to prevent further illegal misuse of TUSD and safeguard the digital assets of its holders.
The Digital Economy Court has also maintained a proprietary injunction and a global freezing order against Aria Commodities and DMCC, citing a significant risk of asset dissipation. This incident marks the first known misuse of TUSD in violation of its intended purpose.
DIFC Court Freezes $456M in Misused TUSD Reserves
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