The DIFC Courts have issued their first-ever worldwide freezing order against Aria Commodities DMCC, following a proprietary injunction on October 17, 2025. This order targets $456 million in laundered proceeds belonging to TUSD, aiming to prevent further asset dissipation before a final ruling by the Hong Kong court. The court found compelling evidence of trust breaches by parties involved, including FDT and Legacy Trust, which misappropriated funds for risky projects.
The ruling also highlights the involvement of Glass Door Limited, a Hong Kong company, in receiving nearly $14 million in secret kickbacks from Aria DMCC. Key figures such as Yai Sukonthabhund and Vincent Chok were implicated in generating illicit kickbacks and creating backdated documents to disguise the misappropriation. This case underscores significant challenges to Hong Kong's financial integrity and the emerging Web3 sector.
DIFC Courts Issue Landmark Worldwide Freezing Order in TUSD Fraud Case
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