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Live Crypto News - Nov 13th
Major crypto drama unfolds in Dubai.
The Digital Economy Court has frozen $456 million tied to TrueUSD (TUSD) after uncovering alleged misuse of its reserve funds.
Investigations revealed that Techteryx, TUSD’s issuer, redirected reserve money into high-risk ventures like mining and commodities instead of keeping it liquid to back the stablecoin’s peg. When redemption requests piled up, a liquidity crisis hit hard.
#TUSD #JustinSun #Tron #Dubai #TrueUSD #Techteryx #Stablecoin #CryptoNews
Major crypto drama unfolds in Dubai.
The Digital Economy Court has frozen $456 million tied to TrueUSD (TUSD) after uncovering alleged misuse of its reserve funds.
Investigations revealed that Techteryx, TUSD’s issuer, redirected reserve money into high-risk ventures like mining and commodities instead of keeping it liquid to back the stablecoin’s peg. When redemption requests piled up, a liquidity crisis hit hard.
#TUSD #JustinSun #Tron #Dubai #TrueUSD #Techteryx #Stablecoin #CryptoNews
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