- They accused Adam Cochran and Protos journalists of defamation
- The company is ready to defend its honor in court
The TrueUSD (TUSD) stablecoin issuer denies its connection to Justin Sun.
“TrueUSD never belonged to Justin Sun, and it is a despicable act to misrepresent the Proof of Reserve TUSD in real time with our accounting firm and Chainlink and banking partners.
We reserve the right to pursue legal remedies against your defamation.”
This was the company’s response to allegations made by popular crypto analyst Adam Cochran.
He wrote that Justin Sun secretly bought out TrueUSD, but continues to pay ex-owners in the U.S. to manage the project.
The blogger also accused TrueUSD of misrepresenting real information about reserves and working with offshore banks.
The analyst cites a Protos crypto publication study in his charges. They write that TrueUSD changed ownership in 2020, and the new buyer was the Techteryx conglomerate.
This company is registered in Singapore. It officially describes itself as “an Asian consortium that will work with TRON.”
Journalists also cite other facts in favor of Justin Sun controlling TrueUSD. So, on Monday he transferred 115.1 million TUSD to Binance.
And before that, one of Techteryx’s websites indicated that Sun was a “consultant on the Asian market” for TrueUSD.
In the meantime, one of Techteryx’s websites indicated that Sun was a “consultant on the Asian market” for TrueUSD.