Sun Yuchen在近5億美元的儲備金變成了不平等的儲備金之後，釋放了Techteryx的Trueusd Stablecoin

Sun在近5億美元的儲備金中釋放了Techteryx的Tureusd Stablecoin

After nearly $500 million in reserve funds became illiquid, Sun bailed out Techteryx’s TrueUSD stablecoin, according to a Hong Kong court filing by the stablecoin issuer.

根據Stablecoin發行人的香港法院申請，在近5億美元的儲備金變得不流動之後，Sun釋放了Techteryx的Tureusd Stablecoin。

The case, which is ongoing in the Hong Kong High Court of Justice, began after Techteryx, the new owner of TrueUSD, sued First Digital Trust (FDT), a Hong Kong-based trustee appointed by the company to manage its stablecoin reserves following the acquisition of TrueUSD from TrueCoin in December 2020.

該案正在香港高等法院持續進行，此前是在Trueusd的新所有者Techteryx起訴First Digital Trust（FDT）之後，該公司由該公司任命的一名位於香港的受託人，該公司由該公司任命為管理其Stablecoin Reserves，該儲備金是在2020年12月從Truecoin從Truecoin手中收購的StableCoin儲備。

According to documents prepared by U.S. law firm Cahill Gordon & Reindel, FDT was instructed to invest its stablecoin reserves in the Cayman Islands-registered Aria Commodities Finance Fund (Aria CFF).

根據美國律師事務所Cahill Gordon＆Reindel準備的文件，FDT被指示將其Stablecoin儲備金投資於Cayman群島註冊的ARIA商品金融基金（ARIA CFF）。

However, approximately $456 million was improperly diverted to an unauthorized independent entity in Dubai, Aria Commodities DMCC, to be used for purposes other than investing in Aria CFF, the plaintiffs claimed in their statement of claim.

但是，原告在其索賠聲明中聲稱，大約有4.56億美元的不當轉移給了迪拜的一個未經授權的獨立實體DMCC，用於用於投資Aria CFF以外的其他目的。

According to a report by the U.S. firm, Matthew Brittain controls Aria Commodities Finance Fund (Aria CFF) through Aria Capital Management Ltd, while Cecilia Brittain is the sole shareholder of Aria Commodities DMCC, an independently operated entity based in Dubai.

根據美國公司的一份報告，Matthew Brittain通過Aria Capital Management Ltd控制ARIA商品金融基金（ARIA CFF），而Cecilia Brittain是ARIA商品DMCC的唯一股東DMCC，這是一家位於迪拜的獨立實體。

The report says that Brittain from Aria's email signature uses an address in Dubai.

該報告說，來自Aria的電子郵件簽名中的Brittain使用迪拜的地址。

According to the filing, Cecilia is Matthew's wife.

根據文件，塞西莉亞是馬修的妻子。

ARIA DMCC is engaged in trade finance, asset development and commodity trading, while ARIA CFF provides financing services to commodity traders including ARIA DMCC and other third parties, according to Matthew Brittain in an email to CoinDesk.

根據Matthew Brittain在給Coindesk的電子郵件中，ARIA DMCC從事貿易融資，資產開發和商品交易，而ARIA CFF為包括Aria DMCC和其他第三方在內的商品交易者提供融資服務。

An audit report issued by Moore CPA Limited shows that as of November 2024, FDT manages $501 million in TrueUSD reserves.

Moore CPA Limited發布的審計報告顯示，截至2024年11月，FDT管理了5.01億美元的TureUSD儲備。

According to the filing, First Digital CEO Vincent Chok is accused of funneling approximately $15.5 million in undisclosed commissions to an entity called “Glass Door” and of structuring an unauthorized trade finance loan of approximately $15 million from FDT to Aria DMCC that was then retroactively misclassified as a legitimate fund investment. The plaintiffs allege these actions constituted fraudulent misrepresentation and misappropriation of funds.

據該文件稱，首位數字首席執行官Vincent Chok被指控向一個名為“ Glass Door”的實體匯集了約1,550萬美元的未公開佣金，並為未經授權的貿易融資貸款匯總了FDT的未經授權貿易融資貸款，從FDT到Aria DMCC，然後是倒數第二的，該貸款被倒數地誤解為合法的投資。原告聲稱這些行動構成了欺詐性的虛假陳述和對資金的盜用。

“The funds wired to Aria DMCC were a blatant act of misappropriation and money laundering,” the complaint reads. “These operations were conducted without the Plaintiff’s knowledge, authorization, or approval.”

投訴寫道：“與ARIA DMCC有聯繫的資金是一種公然的盜用和洗錢行為。” “這些行動是在原告的知識，授權或批准的情況下進行的。”

As of press time, these statements have not yet been heard in court.

截至發稿時，這些陳述尚未在法庭上聽到。

Aria DMCC invests funds in a variety of projects around the world, which it describes as relatively illiquid assets, such as manufacturing plants, mining operations, maritime vessels, port infrastructure and renewable energy projects.

ARIA DMCC將資金投資於世界各地的各種項目，並描述為相對不足的資產，例如製造廠，採礦業務，海上船隻，港口基礎設施和可再生能源項目。

According to the filing, Techteryx barely recovered its money when it tried to redeem its investment from Aria CFF between mid-2022 and early 2023, and Aria-related entities are accused of failing to make payments on time and not honoring redemption requests.

根據文件，Techteryx試圖在2022年中期至2023年初從ARIA CFF贖回其投資時幾乎沒有收回其資金，而與ARIA相關的實體被指控未能按時付款而不兌現贖回請求。

Subsequently, Techteryx took over the full operation of TUSD in July 2023, terminating TrueCoin's involvement. As a transitional arrangement after the sale in December 2020, TrueCoin continued to be responsible for the daily operations of TUSD.

隨後，Techteryx於2023年7月接管了TUSD的全面運作，終止了Truecoin的參與。作為2020年12月出售後的過渡安排，Truecoin繼續負責TUSD的日常運營。

According to the filing, Justin Sun stepped in during this period to provide emergency liquidity support for TUSD, which was structured as a loan.

根據文件，賈斯汀·孫（Justin Sun）在此期間介入，為TUSD提供緊急流動性支持，TUSD構成了貸款。

The court document also stated that even though the stablecoin issuer had no funds available, the Techteryx team still isolated 400 million TUSD to ensure that retail users could still redeem them normally and token holders were not affected.

法院文件還指出，即使Stablecoin發行人沒有可用的資金，Techteryx團隊仍然隔離了4億TUSD，以確保零售用戶仍然可以正常兌換它們，並且代幣持有人不會受到影響。

First Digital said it followed Techteryx's instructions

首先數字表示，它遵循Techteryx的說明

In response to CoinDesk’s request for comment, First Digital CEO Chok categorically denied any wrongdoing or involvement in any fraudulent scheme.

為了回應Coindesk的置評請求，第一任數字首席執行官Chok明確否認了任何欺詐計劃的不法行為或參與。

Chok said in an email that First Digital Trust acted solely as a fiduciary intermediary and executed transactions strictly in accordance with instructions provided by Techteryx and its representatives. He added that the company was not responsible for independently evaluating or advising on these investment decisions.

Chok在一封電子郵件中說，First Digital Trust僅作為信託中介機構行事，並嚴格按照Techteryx及其代表提供的指示執行交易。他補充說，該公司不承擔獨立評估或對這些投資決策的建議。

“We understand that one of the main obstacles to ARIA’s refusal to redeem the funds early as requested by Techteryx was their concerns about anti-money laundering (AML) and know-your-customer (KYC) issues regarding the transactions between TrueCoin and Techteryx, particularly regarding the true identity of Techteryx’s ultimate beneficial owners,” Chok said in an email to CoinDesk, adding that he does not believe any of the parties involved in the case believe Aria lacks liquidity.

“We understand that one of the main obstacles to ARIA's refusal to redeem the funds early as requested by Techteryx was their concerns about anti-money laundering (AML) and know-your-customer (KYC) issues regarding the transactions between TrueCoin and Techteryx, particularly regarding the true identity of Techteryx's ultimate beneficial owners,” Chok said in an email to CoinDesk, adding that he does not believe any of參與該案的各方認為，詠嘆調缺乏流動性。

“We have not yet had the opportunity to fully defend ourselves,” Chok said in the email. “We will do our best to clarify these issues as the legal and arbitration proceedings proceed.”

Chok在電子郵件中說：“我們還沒有機會充分捍衛自己。” “隨著法律和仲裁程序進行，我們將盡最大努力闡明這些問題。”

In response to CoinDesk's request for comment, Aria Group's Matthew Brittain said that he "completely denies the allegations made by Techteryx against ARIA DMCC and any associated entities."

為了回應Coindesk的置評請求，Aria Group的Matthew Brittain說，他“完全否認Techteryx對Aria DMCC和任何相關實體的指控”。

"A number of false allegations have been made

“已經提出了許多虛假指控