Brother Sun was scammed out of 456 million USD, the whole process of defending rights for TUSD👇.

Yesterday, Brother Sun @justinsuntron's TUSD media conference caused quite a stir, but the whole event actually started back in 2020, so many people might not be very familiar with it. Here is a super concise explanation:

In 2020, when $TUSD changed to the new owner Techteryx, the reserve key was still in the hands of the old team TrueCoin. Subsequently, the old team, in conjunction with other institutions, secretly transferred nearly 500 million USD in reserves into a private company run by their own people, forging authorizations, fake transactions, and receiving hundreds of millions of HKD in kickbacks.

The new owner Techteryx was completely unaware and only found out later, but the money had already been drained. To prevent the collapse of TUSD, user losses, and industry panic, Techteryx sought help from Sun. Sun, fearing the impact on the stablecoin market, took out nearly 500 million USD to fill this hole.

In the following two years, the entire matter came to light, with the U.S. SEC and the Dubai Financial Center Court beginning to get involved in the case. The Dubai court has indefinitely extended the global freeze order involving 456 million USD, representing a significant achievement in justice for Sun Ge, and it is a major victory for the protection of rights.

Go for it, Brother Sun @justinsuntron!