Justin Sun Calls for Legal Action in TUSD Dispute, Offers $50M Bounty

Tron founder Justin Sun has declared his readiness to take legal action against First Digital Trust (FDT), accusing them of misappropriating $456 million in TrueUSD (TUSD) reserves. This latest development comes amidst ongoing controversy surrounding the alleged misuse of TUSD funds, with Sun arguing that FDT diverted nearly half a billion dollars meant for the stablecoin’s backing to entities linked to Dubai-based Aria Commodities DMCC instead of the intended Aria CFF fund managed in the Cayman Islands. To maintain TUSD stability, Sun intervened by providing a $500 million loan to Techteryx, while publicly accusing FDT of being effectively insolvent.