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TrueUSD Issuer Alleges $456 Million Misappropriation

Techteryx, the issuer of the stablecoin TrueUSD (TUSD), has taken legal action in Hong Kong, accusing First Digital Trust (FDT) and associated parties of misappropriating approximately $456 million of its reserves into illiquid investments.

Source: https://fullycrypto.com/trueusd-issuer-alleges-456-million-misappropriation?utm_source=rss&utm_medium=rss&utm_campaign=trueusd-issuer-alleges-456-million-misappropriation