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Bahaha years ago Justin Sun threatened to sue me for claiming he was related to TrueUSD and that it was fraudulent.
So I published a deep dive on the companies records showing its link to HTX’s Dubai entity held by Sun and his mother.
Today Dubai courts froze those funds.
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The short of it is, Sun took over TrueUSD using money stolen from HTX/Huobi user deposits.
Then he issued TUSD against “equity” in his Chinese companies and sketchy investments through First Digital Trust in Hong Kong.
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Hopefully the courts in Dubai will manage to recover most of the money for the depositors he defrauded.
But the lesson here is:
-Don’t threaten to sue people, as they’ll just go looking for your paper trail.
And:
-Justin Sun is a massive fraud.
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