A firm linked to Chinese cryptocurrency billionaire Justin Sun has secured freezing orders on hundreds of millions of dollars of Australian assets including wind and solar farms and ports after alleging they were improperly acquired by a Dubai trading firm.
Techteryx operates the TrueUSD stablecoin, a type of cryptocurrency, and has been pursuing Aria Commodities in a Hong Kong court. It has successfully asked Dubai’s Digital Economy Court to freeze almost $700 million in assets around the world held by the firm, which is based in the United Arab Emirates, amid fears they could be sold.
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clarification —
This story has been updated to clarify that some of the Dubai judgment was a summary of the Hong Kong proceedings, rather than findings
