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Dubai Court Issues Worldwide Freeze of $456 Million Tied to Justin Sun's Stablecoin Bailout
A Dubai International Financial Centre (DIFC) judge has ordered the continuation of an injunction and worldwide freeze of $456 million worth of assets that have a connection to Tron founder Justin Sun’s bailout of the TrueUSD stablecoin reserves. H.E. Justice Michael Black, the DIFC judge in charge of the Dubai Digital Economy Court (DEC), declared the order in an amended judgement on October 17. “I direct that the following injunctions shall remain continued until further order of the Court: a worldwide freezing injunction, prohibiting the First Defendant [Aria DMCC] from removing from Dubai any of its assets ... (full story)
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