Sam Reynolds / CoinDesk:

Sources: Justin Sun bailed out Techteryx's TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud  —  Techteryx says it was the victim of what it called “large-scale fraud” rendering TUSD's stablecoin reserves stuck in illiquid investments made without its permission

Sam Reynolds / CoinDesk:

Sources: Justin Sun bailed out Techteryx's TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud  —  Techteryx says it was the victim of what it called “large-scale fraud” rendering TUSD's stablecoin reserves stuck in illiquid investments made without its permission

Source: TechMeme
Source Link: http://www.techmeme.com/250402/p36#a250402p36