Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The story of the 500 million USD market rescue: A transnational asset recovery battle



In January 2024, the stablecoin TUSD plummeted due to the "disappearance" of $456 million in reserves, facing a systemic collapse. A decisive injection of $500 million in emergency liquidity stabilized the crisis.

The article reveals that the custodian FDT violated instructions by transferring funds to the private trading company Aria DMCC. After a legal battle spanning Hong Kong, Singapore, and Dubai, the Dubai court issued the first global asset freeze order in the history of cryptocurrency in October 2025, freezing the involved $456 million. This case is not only a textbook example of crisis management but also marks a milestone in the rule of law in digital finance.

What specific details would you like to know about this case, such as how the funds were misappropriated or the legal implications of the Dubai court ruling?

For details, please see:
TUSD0.01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)