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 (Sam Reynolds/CoinDesk)
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
