Dubai’s Digital Economy Court found evidence of breach of trust and upheld a worldwide freezing order to protect assets tied to a $456 million shortfall in TrueUSD reserves. Claimant Techteryx alleges 2021–2022 transfers of reserve funds into Aria Commodities DMCC (controlled by Matthew William Brittain) via accounts managed by Hong Kong trustee First Digital Trust, breaching custody terms and turning liquid reserves into illiquid loans. Justice Michael Black KC ruled there were “serious issues to be tried,” a credible constructive trust claim, and a real risk Brittain could dissipate or restructure assets. The Oct. 17, 2025 ruling is the first worldwide freezing order by Dubai’s Digital Economy Court; Justin Sun previously bailed out TrueUSD holders amid the shortfall.

Dubai’s court found evidence of breach of trust and upheld a worldwide freezing order over a $456M TrueUSD reserve shortfall; claimant alleges reserve transfers in 2021–2022 to Aria Commodities via accounts managed by First Digital Trust; Justice Michael Black KC identified “serious issues to be tried,” a credible constructive trust claim, and a real risk of asset dissipation; Justin Sun previously bailed out TrueUSD holders. These are concrete legal and asset-control facts directly affecting TrueUSD.