PANews reported on April 2 that according to CoinDesk, Tron founder Justin Sun provided emergency liquidity support to maintain TUSD's repayment ability after TUSD's $456 million reserve funds were illegally diverted to the Dubai entity Aria Commodities DMCC. Documents show that the funds were originally supposed to be managed by First Digital Trust, but were later accused of being transferred to resource projects with extremely low liquidity (mining, ports and renewable energy in emerging markets, etc.) without authorization. TUSD's parent company Techteryx called it a victim of "massive fraud" and has filed a lawsuit in the Hong Kong court. In order to stabilize the market, the team also isolated 400 million TUSD to ensure that user redemptions are not affected.
Currently, the TUSD price is around $0.998, close to its $1 anchor value.
