TrueUSD (TUSD) is a cryptocurrency and operates on the Ethereum platform. TrueUSD has a current supply of 494,515,083. The last known price of TrueUSD is 0.99713234 USD and is down -0.05 over the last 24 hours. It is currently trading on 568 active market(s) with $51,117,257.89 traded over the last 24 hours. More information can be found at https://tusd.io/.
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Tron founder Justin Sun has announced a $50 million bounty for information to help recover $456 million in misappropriated Trueusd stablecoin reserves. Sun Blames Licensed Intermediaries Tron founder Justin Sun has announced a $50 million bounty for information that will aid in the recovery of $456 million in misappropriated Trueusd stablecoin reserves.
As the First Digital Trust saga deepens, Tron founder Justin Sun has announced plans to launch a bounty program. The outspoken founder says the bounty will seek to recover misappropriated TUSD reserves while casting blame on First Digital Trust.
Justin Sun is offering $50M bounty for information and evidence that First Digital Trust has diverted funds and has insufficient backing for its stablecoin, FDUSD. Previously, Sun supported TUSD with a loan, after its issuer Techteryx lacked $456M in liquidity to back up the stablecoin.
Recently, Tron founder Justin Sun stepped in with emergency funding for TrueUSD (TUSD) after its issuer, Techteryx, faced a $456 million liquidity crisis due to illiquid investments. Though Sun claimed he was just an advisor and not directly involved with TrueUSD, he provided crucial financial support during the crisis.