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Some reports have got the story backwards. The actual situation is: the Dubai court has sided with Sun Yuchen this time, approving the freeze of the $456 million asset - this money was originally rescue funds he provided to the TUSD issuer.
In plain terms, the court has recognized his claim, and now the assets related to the rescue plan are temporarily frozen by the judiciary. The waters in the stablecoin circle are getting deeper, and such a level of financial dispute is rare.