Tron founder Justin Sun intervened in a liquidity crisis affecting the stablecoin TrueUSD (TUSD) after it was caught in a complex financial dispute. According to recent court filings, a Hong Kong-based fiduciary entrusted with managing TUSD’s reserves made significant deviations from the initial investment strategy, leading to severe issues for Techteryx, the company behind TrueUSD. 💰 Details reveal that instead of investing into the planned Aria Commodity Finance Fund (Aria CFF), funds were directed toward an unrelated entity based in Dubai. This diversion resulted in the stablecoin’s reserves facing significant stress, as users struggled to redeem their holdings when issues arose mid-2022. 📈 Techteryx eventually sought out Justin Sun for a loan to stabilize the situation, effectively isolating and safeguarding the troubled funds from affecting everyday users. 🙌 Following this intervention, Techteryx took full control of TUSD in July 2023, ending TrueCoin’s role in the stablecoin’s operations. 📣 This event has sparked scrutiny regarding the company’s financial management, with accusations of fraud and misappropriation. Meanwhile, Justin Sun and the company behind the TUSD rescue face their own challenges, as court documents have shed light on alleged connections between the two entities.